Arrow Exploration Boosts Colombian Drilling as 2025 Reserves Reflect Conservative Assumptions

Arrow Exploration Corp ( (TSE:AXL) ) has shared an announcement.

Arrow Exploration reported an operational update highlighting continued drilling success at its Mateguafa Attic field in Colombia, where the Mateguafa 11 well encountered significant net pay in the C7 and C9 Carbonera formations and is expected onstream in the coming weeks. The company plans a follow-up horizontal well, M-12Hz, targeting the C9 and will then move its rig to drill the Icaco-1 exploration well, while ongoing discussions with regulators on extending the Tapir license are described as progressing positively.

For 2025, Arrow’s year-end reserves evaluation by Boury Global Energy Consultants showed total proved plus probable reserves of 11.8 million boe, down 14% year-on-year, and a 10% pre-tax net present value of $244.5 million, also 14% lower, reflecting conservative oil price assumptions and contract expiry scenarios on the Tapir block. Management emphasized that development at Mateguafa Attic has replaced much of produced volumes and continues to underpin reserve value, suggesting further upside as additional wells are drilled and as anticipated Tapir license extensions are secured, which would be supportive for future reserve bookings and long-term production growth.

More about Arrow Exploration Corp

Arrow Exploration Corp. is a Calgary-based oil and gas producer focused on high-growth operations in key Colombian hydrocarbon basins, complemented by assets in Canada. The company’s core portfolio includes interests in the Tapir and Santa Isabel blocks and the Mateguafa field, targeting both development drilling and low-risk exploration to grow reserves and production.

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