Arrow Exploration Corp. (LSE:AXL) has reported encouraging drilling results from its Mateguafa 5 (M-5) well located in the Tapir Block, Colombia, confirming the productive potential of the Mateguafa Attic field. The well encountered multiple hydrocarbon-bearing zones and has now been brought into production, with early output exceeding initial expectations. This success strengthens Arrow’s operational profile and underscores the company’s growth trajectory within Colombia’s hydrocarbon sector.
Building on the M-5 results, Arrow plans to advance its exploration program with the drilling of the Mateguafa 6 well and additional prospects identified through its 3D seismic surveys. These initiatives are expected to expand both production capacity and reserve volumes, further supporting the company’s strategy of sustainable, high-margin growth.
More about Arrow Exploration Corp.
Arrow Exploration Corp. is a dual-listed oil and gas company focused on developing and expanding production across Colombia’s key hydrocarbon basins, including the Llanos, Middle Magdalena Valley, and Putumayo. With high working interests, Brent-linked light oil pricing, and low royalty rates, the company operates with strong margins and growth potential. Arrow is listed on both the AIM market of the London Stock Exchange and the TSX Venture Exchange under the ticker AXL.
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