Arrow Exploration Corp. (LSE:AXL) has disclosed that Ravi Sharma—one of its Non-Executive Directors and the Chief Operating Officer of Canacol Energy Ltd.—is connected to Canacol’s recent decision to pursue creditor protection under the Companies’ Creditors Arrangement Act. The situation introduces a potential area of sensitivity for Arrow as it evaluates any governance considerations and the possible impact on existing or future strategic relationships within the oil sector.
More about Arrow Exploration Corp
Arrow Exploration Corp. operates primarily in Colombia through its wholly owned subsidiary, Arrow Exploration Switzerland GmbH. The company is focused on growing its oil output across several prolific Colombian basins, including the Llanos, Middle Magdalena Valley, and Putumayo regions. Benefiting from meaningful working interests and exposure to Brent-linked light crude prices, Arrow targets strong operating margins. The company is dual-listed on London’s AIM market and the TSX Venture Exchange, trading under the ticker AXL.
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