[ad_1]
M-6 efficiently drilled and on manufacturing
Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL,OTC:CSTPF) (“Arrow” or the “Firm”), the high-growth operator with a portfolio of property throughout key Colombian hydrocarbon basins, is happy to supply an replace on the operational exercise on the Mateguafa Attic discipline on the Tapir Block within the Llanos Basin of Colombia the place Arrow holds a 50 p.c helpful curiosity.
Mateguafa 6 effectively
The Mateguafa 6 effectively (M-6) effectively was spud on November 8th, 2025, and reached goal depth on November 15th, 2025. The M-6 effectively was drilled, on time and on funds, to a complete measured depth of 10,000 MD toes (9,328 toes true vertical depth) and encountered a number of hydrocarbon-bearing intervals.
Arrow has put the M-6 effectively on manufacturing within the Carbonera C7 formation (“C7”), which has roughly 18 toes of internet oil pay (true vertical depth). The pay zone is a clear sandstone exhibiting a median porosity of 20% with excessive resistivities. An electrical submersible pump (ESP) has been inserted within the effectively after perforating.
The M-6 effectively additionally encountered roughly 30 toes of internet oil pay (true vertical depth) within the Carbonera C9 formation (“C9”) (beforehand known as the Guadalupe) and 14 toes of internet oil pay (true vertical depth) within the Decrease Gacheta. Arrow plans to check these formations in future wells.
The effectively was placed on manufacturing at a closely restricted charge, 28/128 choke and 45 Hz pump frequency, of roughly 824 BOPD gross (412 BOPD internet). The oil high quality is 32° API and there’s a 3% water minimize (completion fluid and formation water).
The testing outcomes point out the effectively is able to greater charges and the last word movement charge will likely be decided within the first few weeks of manufacturing.
Preliminary manufacturing outcomes aren’t essentially indicative of long-term efficiency or final restoration.
Mateguafa 5 effectively
The Mateguafa 5 effectively (M-5) continues to provide at roughly 550 BOPD gross (275 BOPD internet) with an 18% water minimize. The M-5 effectively is producing from the C9 formation. The official designation of the formation was modified from the Guadalupe to the C9 formation after last evaluation of the drill cuttings.
Mateguafa 7 effectively
The Mateguafa HZ7 (M-HZ7) effectively was spud on November 22nd, 2025. This horizontal effectively is concentrating on the C9 formation, which each M-5 and M-6 encountered and strengthened the horizontal improvement idea. Expectations are that the effectively will take 2-3 weeks to drill and full and will likely be placed on manufacturing in December.
Marshall Abbott, CEO of Arrow commented:
“The M-6 effectively was drilled on time and on funds and preliminary manufacturing has exceeded expectations. Along with the thick pay zones encountered within the C7 formation, an extra pay zone presently behind pipe, the C9, gives additional manufacturing alternatives sooner or later.”
“The M-6 effectively reinforces that the Mateguafa Attic discovery is materials to Arrow and we’re trying ahead to the outcomes of the horizontal effectively M-HZ7 which is able to additional develop this discovery and assist decide the extent of the swimming pools and the potential reserves additions. Preliminary outcomes point out that the invention will grow to be one other core space for Arrow with the potential for horizontal drilling improvement.”
“We stay up for offering additional updates on this low-risk improvement drilling program.”
The Firm additionally broadcasts the appointment of Hannam & Companions as its Joint Company Dealer to work alongside Canaccord Genuity and Auctus Advisors.
About Arrow Exploration Corp.
Arrow Exploration Corp. (working in Colombia by way of a department of its 100% owned subsidiary Carrao Vitality S.A.) is a publicly traded firm with a portfolio of premier Colombian oil property which are underexploited, under-explored and supply excessive potential development. The Firm’s marketing strategy is to broaden oil manufacturing from a few of Colombia’s most energetic basins, together with the Llanos, Center Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with excessive working pursuits, and the Brent-linked gentle oil pricing publicity combines with low royalties to yield engaging potential working margins. By means of a personal business contract with the acknowledged curiosity holder earlier than Ecopetrol S.A., Arrow is entitled to obtain 50% of the manufacturing from the Tapir block. The formal task to the Firm is topic to Ecopetrol’s consent. Arrow’s seasoned staff is led by a hands-on government staff supported by an skilled board. Arrow is listed on the AIM market of the London Inventory Alternate and on TSX Enterprise Alternate underneath the image “AXL”.
Ahead-Trying Statements
This information launch incorporates sure statements or disclosures referring to Arrow which are primarily based on the expectations of its administration in addition to assumptions made by and knowledge presently obtainable to Arrow which can represent forward-looking statements or info (“forward-looking statements”) underneath relevant securities legal guidelines. All such statements and disclosures, apart from these of historic truth, which deal with actions, occasions, outcomes, outcomes or developments that Arrow anticipates or expects could, might or will happen sooner or later (in entire or partly) must be thought of forward-looking statements. In some circumstances, forward-looking statements might be recognized by way of the phrases “proceed”, “anticipate”, “alternative”, “plan”, “potential” and “will” and comparable expressions. The forward-looking statements contained on this information launch mirror a number of materials elements and expectations and assumptions of Arrow, together with with out limitation, Arrow’s analysis of the impacts of COVID-19, the potential of Arrow’s Colombian and/or Canadian property (or any of them individually), the costs of oil and/or pure fuel, and Arrow’s marketing strategy to broaden oil and fuel manufacturing and obtain engaging potential working margins. Arrow believes the expectations and assumptions mirrored within the forward-looking statements are affordable at the moment, however no assurance might be provided that these elements, expectations, and assumptions will show to be appropriate.
The forward-looking statements included on this information launch aren’t ensures of future efficiency and shouldn’t be unduly relied upon. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. The forward-looking statements contained on this information launch are made as of the date hereof and the Firm undertakes no obligations to replace publicly or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, until so required by relevant securities legal guidelines.
Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Glossary
| API: | A particular gravity scale developed by the American Petroleum Institute (API) for measuring the relative density of varied petroleum liquids, expressed in levels. |
| BOPD: | barrels of oil per day |
| boe/d: | barrels of oil equal per day |
Certified Particular person’s Assertion
The technical info contained on this announcement has been reviewed and permitted by Grant Carnie, senior non-executive director of Arrow Exploration Corp. Mr. Carnie was previously a member of the Canadian Society of Petroleum Geologists, holds a B.Sc. in Geology from the College of Alberta and has over 35 years’ expertise within the oil and fuel trade.
This Announcement incorporates inside info for the needs of the UK model of the market abuse regulation (EU No. 596/2014) because it varieties a part of United Kingdom home regulation by advantage of the European Union (Withdrawal) Act 2018 (“UK MAR“).
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.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/275925
[ad_2]
