Arrow Exploration Corp (TSE:AXL) has released an update.
Arrow Exploration Corp. acknowledges a correction in its previously reported Q1 2024 production figures, which showed a 67% increase rather than the initially claimed 139%. The adjustment revealed a production of 2,730 barrels of oil equivalent per day (boe/d), an improvement from the 1,635 boe/d in Q1 2023. This correction comes alongside the announcement of strong financial performance, including a net income of $3.2 million and robust operational achievements such as the successful drilling of development wells.
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