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Arrow Exploration spuds first well at Carrizales Norte as it looks to build on 2022 successes

Published: 15:49 04 May 2023 EDT

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott joins Proactive's Stephen Gunnion after the company spud the first well at Carrizales Norte on the Tapir block in Colombia's Llanos Basin.

Drilling will now proceed to the target depth of 9,205 feet, anticipated by mid-May, and after that it is anticipated that the well will undergo testing. Abbott noted that the success of the CN-1 well could result in additional production, additional reserves and a new core area for Arrow.

He also recapped some of the highlights of the company's 2022 year, which saw growth in production, revenue and income, leaving the company in a healthy financial position to fund the large capital program planned for 2023.

Arrow Exploration Corp's strategic growth and exploration success in Colombia

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott delivered an engaging presentation at the Proactive One2One Investor Forum, detailing the company's journey since its establishment in Colombia in 2017. With a backdrop of favourable oil prices and successful field...

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