Arrow Exploration Corp. (LSE:AXL) has reported a successful outcome from the Mateguafa 6 well, drilled on the Tapir Block in Colombia’s Llanos Basin. The well intersected several hydrocarbon-bearing zones and has begun producing at a controlled rate, with the company planning to evaluate additional formations in upcoming wells. The result further underscores the importance of the Mateguafa Attic discovery, signalling the potential for an expanded core development area and increased reserves. Arrow has also named Hannam & Partners as a Joint Corporate Broker, reflecting continued strategic progression.
More about Arrow Exploration Corp
Arrow Exploration Corp. operates in Colombia through its subsidiary Carrao Energy S.A., with a focus on growing oil production across the Llanos, Middle Magdalena Valley, and Putumayo basins. The company maintains high working interests in its assets, benefits from Brent-linked light oil pricing and comparatively low royalty rates, and aims to deliver strong operating margins. Arrow is dual-listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange.
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