Arrow Exploration Hits Record Production Milestone at Canadian and Colombian Assets

Arrow Exploration (TSXV:AXL) has reached record production of 6,000 barrels of oil equivalent per day (boe/d), surpassing expectations with strong workover results and drilling on its Canadian and Colombian assets.

The company's recent acquisitions have contributed to this success, including the Thorsby field in Alberta. Arrow holds a significant amount of cash on hand, approximately US$21.8 million, giving it the resources needed to test new prospects.

Recent milestones include the spudding of the Icaco 6 well and the Icaco 7 well, both targeting C7, Gacheta, and Ubaque targets in Colombia's Llanos Basin. The company has also made significant progress on its Tapir Block operations.

'Arrow is very proud to surpass the 6,000 boe/d threshold,' said Marshall Abbott, Chief Executive Officer of Arrow Exploration. 'The additional production from drilling and workovers highlights the continued operational success the company has had on the Tapir block.'