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The latest update is out from Arrow Exploration Corp ( (TSE:AXL) ).
Arrow Exploration Corp. announced the successful drilling and production of the Mateguafa 6 well in the Tapir Block of Colombia’s Llanos Basin. The well, which encountered multiple hydrocarbon-bearing intervals, is currently producing at a restricted rate with plans to test additional formations in future wells. This development reinforces the significance of the Mateguafa Attic discovery for Arrow, potentially expanding their core area and reserves. The company also appointed Hannam & Partners as a Joint Corporate Broker, indicating strategic growth and development in their operations.
More about Arrow Exploration Corp
Arrow Exploration Corp. is a publicly traded company operating in Colombia through its subsidiary Carrao Energy S.A. It focuses on expanding oil production from key Colombian basins such as the Llanos, Middle Magdalena Valley, and Putumayo Basin. The company holds high working interests in its assets and benefits from Brent-linked light oil pricing and low royalties, aiming for attractive operating margins. Arrow is listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange.
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