Arrow Exploration

Arrow Exploration Corp. (AIM:AXL, TSXV:AXL) is a Canadian-based oil and gas company focused on acquiring, exploring, and developing oil assets in Colombia. The company's primary assets are located in the Llanos and Middle Magdalena Basins in Colombia, where it has a large acreage position and operates several oil fields.

Arrow Exploration has been actively developing its Rio Cravo Este oil field located in Colombia's Llanos Basin which is estimated to contain over 4.7 million barrels of proven and probable reserves and is currently producing approximately 2,300 barrels of oil per day. Additional appraisal and development drilling is planned for 2023-24 to increase production. 

In addition, Arrow holds a 100% interest in the Oso Pardo oil field located in the Middle Magdalena Basin which is currently producing 130 barrels per day, holds over 100,000 acres of exploratory land, and has identified multiple exploration prospects and leads. In 2024, the company plans to drill 11 more exploration wells targeting light oil discoveries. Future catalysts for the company include additional reserve additions, expanding existing oil fields through appraisal drilling, and new field discoveries from its exploration program.