Arrow Exploration Corp. Reports Robust 2024 Financial Growth and Outlines Ambitious 2025 Plans

Arrow Exploration Corp ( (TSE:AXL) ) has provided an update.

Arrow Exploration Corp. reported significant growth in its 2024 financial results, with a 65% increase in total revenue and a 63% rise in production. The company achieved a net income of $13.2 million and an adjusted EBITDA of $48 million, reflecting a 78% increase from the previous year. Arrow successfully drilled multiple wells, enhancing its production capabilities, and maintained a healthy cash position of $18 million. Looking forward, Arrow has a fully funded work program for 2025, targeting up to 23 wells, which is expected to further bolster its production and financial performance. The company’s strategic focus on disciplined capital allocation and operational excellence positions it well for continued growth and shareholder value enhancement.

More about Arrow Exploration Corp

Arrow Exploration Corp. is a high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins. The company focuses on oil and gas exploration and production, aiming to grow its production while maintaining positive cash flow and a strong financial position.

YTD Price Performance: -34.78%

Average Trading Volume: 171,912

Technical Sentiment Signal: Buy

Current Market Cap: C$85.76M

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