An announcement from Arrow Exploration Corp ( (TSE:AXL) ) is now available.
Arrow Exploration Corp. has announced a substantial increase in its year-end reserves for 2024, with notable growth across all reserve categories. The company’s proved developed producing reserves rose by 92%, while the net present value of these reserves also saw a significant increase. This growth is attributed to successful drilling campaigns and discoveries in Colombia, reinforcing Arrow’s strong operational performance and future growth potential. The company’s reserves replacement ratios and net present value improvements highlight its robust business model and strategic positioning in the oil and gas sector.
More about Arrow Exploration Corp
Arrow Exploration Corp. operates in the oil and gas industry, focusing on exploration and production activities. The company primarily engages in the development of its assets in Colombia and Canada, with a significant emphasis on the Tapir Block in Colombia.
YTD Price Performance: -30.43%
Average Trading Volume: 169,130
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$91.48M
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