Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said its Icaco-2 exploration well in Colombia has been drilled, completed and brought on production, adding restricted output of around 830 barrels of oil per day gross from the Ubaque formation. The AIM and TSX-V-listed company said IC-2 was drilled on time and under budget to a total measured depth of 12,020 feet.

proactiveinvestors.co.uk - 2026-06-17 02:59:12

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott talked with Proactive about the company's strongest quarter to date, highlighting rising revenue, EBITDA, cash flow and continued operational momentum across the Tapir block in Colombia. Proactive: Welcome back inside our Proactive newsroom.

proactiveinvestors.com - 2026-05-30 09:19:58

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said first-quarter production, revenue and earnings rose as higher output from Colombia's Tapir block underpinned a stronger start to 2026, before a post-period exploration discovery at Icaco added a fresh drilling catalyst. Average production increased to 4,715 barrels of oil equivalent per day from 4,085 boe/d a year earlier, driven by additional crude volumes from the Mateguafa Attic field.

proactiveinvestors.co.uk - 2026-05-27 03:29:18

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its Icaco 1 exploration well in Colombia is now on production after encountering multiple hydrocarbon-bearing intervals, lifting total gross corporate output to around 5,100 barrels of oil equivalent per day. The company said IC-1, on the Tapir Block in the Llanos Basin, was drilled on time and under budget to a total measured depth of 7,800 feet.

proactiveinvestors.co.uk - 2026-05-26 03:06:35

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that the Icaco-1 exploration well in Colombia has encountered multiple hydrocarbon-bearing intervals, giving the company another Tapir Block target to move into production testing. The AIM and TSX-V-listed operator said the well was spudded on May 5, and reached target depth four days later.

proactiveinvestors.co.uk - 2026-05-13 03:04:34

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said its latest Mateguafa appraisal well has moved into production, adding restricted output of 564 barrels of oil per day gross as the company advances its Colombian drilling programme. The Mateguafa HZ12 well, or M-HZ12, was drilled on time and under budget to a total measured depth of 13,824 feet and encountered multiple hydrocarbon-bearing intervals.

proactiveinvestors.co.uk - 2026-05-08 03:06:15

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors 2025 production rose 13% as drilling in Colombia's Tapir block lifted volumes and offset a US$7.6 million impairment charge that pulled annual profit sharply lower. The AIM and TSX-V-listed oil and gas group reported net income of US$1.4 million for the year to 31 December 2025, compared with US$13.1 million a year earlier.

proactiveinvestors.co.uk - 2026-04-29 02:49:47