I'm looking forward to much better days ahead
2023 Capital Budget
The approved 2023 capital budget for Arrow totals US$32 million and is to be financed from current cash reserves and operating cash flow. The capital program includes the following:
- 134 km2 3D seismic program
- 10 well drilling program including1:
- 3 C7 wells at RCE, each expected to add initial 300-500 bbls/d net to Arrow
- 3 wells at CN, each expected to add initial 300-500 bbls/d net to Arrow
- 2 Gacheta wells at RCE, each expected to add initial 200-400 bbls/d net to Arrow
- 2 wells at Oso Pardo, each expected to add initial 300-500 bbls/d net to Arrow
- Infrastructure including:
- Road and pad at CN
- Water disposal well conversion at RCE