Arrow Announces 2022 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - March 29, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is pleased to announce the results of its 2022 year-end reserves evaluation by Boury Global Energy Consultants Ltd. ("BouryGEC"). All reserves volume figures stated below are on a Working Interest Gross Reserve basis. Currency amounts are in United States dollars (unless otherwise indicated) and comparisons refer to December 31, 2021.HighlightsProved ("1P") reserves: Increased by 11% to 3.37 million barrels of oil...
2023-03-29 2:00 AM EDT
Arrow Announces RCE-4 Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - March 22, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is pleased to provide an update on the drilling activity at Rio Cravo Este ("RCE") on the Tapir Block in the Llanos Basin of Colombia.RCE-4The RCE-4 well was spud on March 1, 2023 and reached target depth on March 8, 2023. RCE-4 targeted a three-way fault bounded structure with multiple high-quality reservoir objectives. The well was drilled to a total...
2023-03-22 2:00 AM EDT
Arrow Announces Reaching Target Depth on the RCE-4 Well
Calgary, Alberta--(Newsfile Corp. - March 13, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on the drilling activity at Rio Cravo Este (RCE) on the Tapir Block in the Llanos Basin of Colombia.RCE-4 UpdateThe RCE-4 well was spud on March 1, 2023, and reached total depth on March 8, 2023. RCE-4 is located within the RCE...
2023-03-13 2:00 AM EDT
Arrow Announces Resignation of Director
Calgary, Alberta--(Newsfile Corp. - March 10, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") announces the resignation of Maria Charash, Director.Maria Charash, Director of Arrow since June 3, 2021, has resigned to pursue other opportunities. Ms. Charash assisted Arrow with its transformation to an AIM listed company, and her hard work and dedication in the furtherance of Arrow's ongoing success is greatly appreciated.We would like to thank Ms. Charash for her many contributions to...
2023-03-10 2:00 AM EST
Arrow Announces RCE-3 Well Update
Calgary, Alberta--(Newsfile Corp. - March 3, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is pleased to provide an update on the Rio Cravo Este-3 well ("RCE-3"), an appraisal / development well on the Tapir Block in the Llanos Basin of Colombia.RCE-3The RCE-3 well was spud on February 8, 2023 and reached target depth on February 16, 2023. RCE-3 targeted a three-way fault bounded structure with multiple high-quality reservoir objectives on the Tapir Block...
2023-03-03 2:00 AM EST
Arrow Announces Total Voting Rights (TVR) Update
Calgary, Alberta--(Newsfile Corp. - February 28, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce that it has issued 600,000 Common Shares (the "New Common Shares") in the month of February pursuant to the exercise of warrants issued at the Company's IPO in October 2021. All of the New Common Shares issued during the month were issued under the Company's existing block listing...
2023-02-28 2:00 AM EST
Arrow Announces Reaching Target Depth on the RCE-3 Well, and Operations Update
Calgary, Alberta--(Newsfile Corp. - February 21, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on the drilling of Rio Cravo Este-3 ("RCE-3"), an appraisal well on the Tapir Block in the Llanos Basin of Colombia, and is providing an operations update.RCE-3 UpdateThe RCE-3 well reached total depth on February 16, 2023. RCE-3 is location within the...
2023-02-21 2:00 AM EST
Arrow Exploration Announces Operations Update, 2023 Capital Budget and TVR
Calgary, Alberta--(Newsfile Corp. - February 1, 2023) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an operations update including its 2023 capital budget, and changes in total voting rights (TVR).Operations UpdateDrilling Rig Arrives at Rio Cravo Este Multiwell PadThe contracted 1,500 HP drilling rig has arrived at the multiwell pad at Rio Cravo Este (RCE). Arrow is poised to...
2023-02-01 2:00 AM EST
Arrow Exploration Announces Operations Update, PDMR Exercise of Options and TVR
Calgary, Alberta--(Newsfile Corp. - December 23, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an operations update and report on the granting and exercise of options by certain Directors and PDMRs. Operations UpdateDrilling Rig Mobilized to Rio Cravo Este Multiwell PadArrow has initiated the drilling rig move to Rio Cravo Este (RCE) to further exploit the Carbonera Sandstone reservoir. Three additional...
2022-12-23 2:00 AM EST
Arrow Announces Record Third Quarter Results, Provides Operational Update and Announces Issuance of Common Shares
Calgary, Alberta--(Newsfile Corp. - November 29, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") announces the filing of its unaudited interim Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended September 30, 2022, which are available on SEDAR (www.sedar.com). All dollar figures are in U.S. dollars, except as otherwise noted.Highlights:The Third Quarter has been the best quarter in the Company's history generating record cashflow from operations and a threefold increase in production...
2022-11-29 2:00 AM EST
Blocklisting Application and Change of Auditor
Calgary, Alberta--(Newsfile Corp. - November 7, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the oil and gas exploration and production company with key interests in basins in Colombia and Canada, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 40,000,000 Common Shares (the "New Common Shares") to be admitted to trading on AIM. It is expected that admission will become effective on...
2022-11-07 2:00 AM EST
Arrow Announces Operations Update
Calgary, Alberta--(Newsfile Corp. - November 1, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), is pleased to provide an operations update.Operations UpdateCanadian operationsEast Pepper tie-inFollowing reporting of successful testing of the East Pepper well in September, the Company is now pleased to confirm the tie-in has been completed, and production began on October 25thInitial rate was 7.6 mmcf/d or approximately 1,260 boe/d The well has been choked back to produce at 6 mmcf/d or...
2022-11-01 2:00 AM EDT
Arrow's Exercise of Warrants and Total Voting Rights
Calgary, Alberta--(Newsfile Corp. - October 20, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces that pursuant to the receipt of notices for the exercise of warrants issued in October 2021, it has issued 476,190 new common shares of no par value ("Common Shares"). The application is being made for 476,190 new Common Shares to be admitted to trading on AIM...
2022-10-20 2:00 AM EDT
Operations Update and Exercise of Warrants
Calgary, Alberta--(Newsfile Corp. - October 13, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), is pleased to provide an operations update.Operations UpdateRigs and equipment are currently moving into place for the Q4 tie in, workover and drilling program.East Pepper tie-inAll licences and approvals have been receivedTie-in work began on September 28Production expected to begin by the end of OctoberExpected IP rate of 1,000 boe/d and the Company expects typical production declines thereafterRCS-1 and RCE-1 Workovers:
2022-10-13 2:00 AM EDT
Arrow Announces Issuance of Stock Options
Calgary, Alberta--(Newsfile Corp. - September 9, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), announces the issuance of a total of 2,250,000 stock options ("Options"), pursuant to the Company's Stock Option Plan ("the Plan") to certain Directors as detailed below. The Plan is intended to assist in attracting, retaining, engaging, and rewarding directors, officers, employees, and consultants of the Company, provide additional incentive to these people for their efforts on behalf of the Company, and...
2022-09-09 2:00 AM EDT
Arrow Announces Test Results of East Pepper Well
Calgary, Alberta--(Newsfile Corp. - September 7, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is delighted to announce the results of the East Pepper well testing on the Pepper Block in the Alberta, Canada.The 100 per cent working interest East Pepper well (100/14-21-052-22W5/3) was tested before tie-in activities began on August 30, 2022. The East Pepper well is a horizontal multi-stage fractured well producing from the Montney zone on the Pepper block. The well was...
2022-09-07 2:00 AM EDT
Arrow Announces Second Quarter Results
Calgary, Alberta--(Newsfile Corp. - August 29, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") announces the filing of its unaudited interim Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2022, which are available on SEDAR (www.sedar.com). All dollar figures are in U.S. dollars, except as otherwise noted.The first six months of 2022 saw the Company deploy the capital it raised at the time of its Admission to AIM on...
2022-08-29 6:00 PM EDT
Arrow Announces Operations Update, Upcoming Projects and Mid-Year Reserves Results
Calgary, Alberta--(Newsfile Corp. - August 24, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), is pleased to provide an operations update and announce the results of the 2022 mid-year reserve evaluation by Boury Energy Consultants Ltd. ("BouryGEC") as at 30 June 2022.HighlightsProved (1P) Reserves:PDP reserves increased 25% to 1.292 MMBls mainly from the Tapir Block.1P reserves also increased by 17% to 3.567 MMBls reflecting the positive results from the recent drilling campaign.1P Net Present Value,...
2022-08-24 2:00 AM EDT
Arrow's Exercise of Warrants and Total Voting Rights
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.Calgary, Alberta--(Newsfile Corp. - August 15, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins,...
2022-08-15 2:00 AM EDT
Arrow Announces Appointment of NOMAD and Joint Broker
Calgary, Alberta--(Newsfile Corp. - July 22, 2022) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce that further to the announcement of Canaccord Genuity Limited ("Canaccord") as its Nominated Adviser on 28 April 2022, Canaccord has confirmed that it has completed satisfactorily its due diligence. Accordingly, a Nominated Adviser Declaration has been submitted to AIM in accordance with the AIM...
2022-07-22 2:00 AM EDT