Arrow Exploration Corp V.AXL

Alternate Symbol(s): CSTPF

Energy Oil & Gas E&P

Arrow Exploration Corp. is a junior oil and gas company engaged in the acquisition, exploration and development of oil and gas properties in Colombia and Western Canada. The Company operates in Colombia via a branch of its wholly owned subsidiary Carrao Energy S.A., with a portfolio of Colombian oil assets that are underexploited and under-explored. It focuses on expanding oil production from Colombia's active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. Its assets include Tapir Block, Santa Isabel (Oso Pardo), Capella Field, Pepper, and Fir. The Company owns a 50% working interest (WI) in Tapir Block with approximately 65,154 gross acres (32,577 acres net). The Oso Pardo Field is located in the Santa Isabel Block in the MMV Basin. Its 10% interest in the Ombu Block contains the Capella discovery. The Company holds a 100% operated WI in 37 sections of Montney P&NG rights on its Pepper asset in West Central Alberta.

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Arrow Exploration Corp > From Joe

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Comment by EagleHasLandedon Sep 18, 2023 1:37pm

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Post# 35641748

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe

We are very happy with the CN-3 well. It is still flowing (ESP is still turned off). Watercut is still less than 1%. Looks like a very good well so far.

You are correct, some of the other wells have shown decline and some of our wells are off unexpectedly waiting for workovers (Oso Pardo). Capella is still off production as well.

The good news is that we have a lot of drilling activity remaining this year and we expect production to increase.

Brent prices ($94/bbl this morning) are also helping the company. It is really an exciting time to be with Arrow.

Thanks again for your interest and support.
Joe

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