Arrow Exploration Corp. (LSE:AXL) reported 2025 net income of $1.4 million on oil and gas revenue of $70.5 million, alongside adjusted EBITDA of $35 million. Average production increased 13% to 4,012 barrels of oil equivalent per day, despite a weaker commodity price environment. During the year, the company drilled 14 development wells and one successful exploration well in Colombia, while maintaining a solid financial position with $11 million in cash and no debt. Operations were completed without any safety or environmental incidents.
The company also published its year-end reserves update, reporting 11,775 thousand barrels of oil equivalent in proved plus probable reserves, with a pre-tax net present value of $245 million. This highlights the long-term potential of its Colombian asset base. For 2026, Arrow has outlined a fully funded $24 million work programme, targeting up to nine new wells on the Tapir block. The company expects to finance its capital spending through operating cash flow and existing cash reserves, while also working toward securing an extension of its key Tapir block contract, which remains central to its growth plans.
More about Arrow Exploration Corp
Arrow Exploration Corp. is a Canada-based oil and gas producer headquartered in Calgary, focused on high-growth operations in Colombia, complemented by natural gas assets in Alberta. Its core strategy centres on developing and expanding production from the Tapir block, including fields such as Rio Cravo Este, Carrizales Norte, Alberta Llanos, and Mateguafa. The company aims to increase output and cash generation while maintaining a debt-free balance sheet.
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