Arrow Exploration Commences Key Horizontal Drilling
Company Announcements

Arrow Exploration Commences Key Horizontal Drilling

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

Arrow Exploration Corp., a burgeoning operator in the Colombian hydrocarbon sector, has announced the commencement of drilling their first horizontal well, CNB HZ-1, on the Tapir Block in the Llanos Basin, aiming to exploit the Ubaque formation. The company’s strategic move to horizontal drilling follows a successful Q1 drilling program and is expected to significantly boost production from the Carrizales Norte field. With a robust financial position, featuring $12.4 million in cash and no debt, Arrow is poised for a transformative year in oil production.

For further insights into TSE:AXL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskArrow Exploration Reports Strong Oil Production in Colombia
TipRanks UK Auto-Generated NewsdeskArrow Exploration Shareholders Approve All AGM Resolutions
TipRanks UK Auto-Generated NewsdeskArrow Exploration’s New Well Exceeds Production Expectations
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App