Arrow Exploration grows in Colombia with new finds, rising output, and 10,000 BPD production goal

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9h ago 5:03

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Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to provide a comprehensive operational update on the company’s rapidly advancing activities in Colombia. Abbott revealed that Arrow has successfully made three new oil discoveries in the region—discoveries that have already led to the drilling of 39 development wells. He described this as evidence of the project’s “scope and repeatability,” underscoring the company’s ability to consistently replicate exploration success and swiftly convert it into production. Abbott noted that Arrow has emerged as one of the most active and dynamic operators in Colombia’s oil sector. The company is currently producing approximately 4,800 barrels of oil per day, representing a 45% increase compared to the same period last year. This surge in production highlights the effectiveness of Arrow’s drilling program and its ability to rapidly scale output from newly discovered resources. Looking ahead, Abbott said the company will continue to pursue a strategy focused on low-risk exploration drilling to drive further growth. One exploration well is scheduled to spud on September 16, with three additional wells planned to follow shortly thereafter. He emphasized that this steady pipeline of drilling activity is designed to unlock new reserves while maintaining predictable operational performance. Abbott also discussed the company’s investments in critical water disposal infrastructure—a key component in supporting sustained production growth. “Now we have the capacity to handle just under 140,000 barrels of water per day with three disposal wells,” he explained. This expanded capacity allows Arrow to increase pump speeds across its producing wells, which in turn supports higher production rates and operational efficiency. Financially, Arrow remains in a robust position. The company is currently debt free and holds approximately $13 million in cash, with strong monthly cash flow supporting both ongoing operations and growth initiatives. Abbott confirmed that Arrow has set an internal target of reaching 10,000 barrels per day, a goal the company plans to achieve through a combination of organic growth from its existing portfolio and strategic asset acquisitions that complement its core operations in Colombia. #proactiveinvestors #arrowexplorationinc #aim #axl #tsxv #axl #ColombiaEnergy #MarshallAbbott #Q1Results #OilDrilling #EnergyInvestment #SeismicSurvey #WaterDisposal #PrepaymentDeal #ExplorationAndProduction #LlanosBasin #EnergySector #ProactiveInvestors

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