Arrow Exploration Corp (TSE:AXL) has released an update.
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Arrow Exploration Corp. has reported its strongest quarterly performance ever in Q3 2024, with a 53% increase in revenue and a 64% rise in production compared to the previous year. The company successfully drilled multiple wells in the Carrizales Norte field and aims to further expand its operations in 2025, planning to drill up to 23 wells. Arrow maintains a strong financial position with no debt and a cash balance of $19 million as of November 2024.
For further insights into TSE:AXL stock, check out TipRanks’ Stock Analysis page.
