REG - Arrow Exploration - ARROW ANNOUNCES APPRAISAL WELL M-6 RESULTS

Arrow ExplorationAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251126:nRSZ9934Ia&default-theme=true

RNS Number : 9934I  Arrow Exploration Corp.  26 November 2025

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

ARROW ANNOUNCES APPRAISAL WELL M-6 RESULTS

M-6 successfully drilled and on production

CALGARY, November 26, 2025 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)
("Arrow" or the "Company"), the high-growth operator with a portfolio of
assets across key Colombian hydrocarbon basins, is pleased to provide an
update on the operational activity at the Mateguafa Attic field on the Tapir
Block in the Llanos Basin of Colombia where Arrow holds a 50 percent
beneficial interest.

Mateguafa 6 well

The Mateguafa 6 well (M-6) well was spud on November 8(th), 2025, and reached
target depth on November 15(th), 2025.  The M-6 well was drilled, on time and
on budget, to a total measured depth of 10,000 MD feet (9,328 feet true
vertical depth) and encountered multiple hydrocarbon-bearing intervals.

Arrow has put the M-6 well on production in the Carbonera C7 formation ("C7"),
which has approximately 18 feet of net oil pay (true vertical depth). The pay
zone is a clean sandstone exhibiting an average porosity of 20% with high
resistivities. An electric submersible pump (ESP) has been inserted in the
well after perforating.

The M-6 well also encountered approximately 30 feet of net oil pay (true
vertical depth) in the Carbonera C9 formation ("C9") (previously referred to
as the Guadalupe) and 14 feet of net oil pay (true vertical depth) in the
Lower Gacheta.  Arrow plans to test these formations in future wells.

The well was put on production at a heavily restricted rate, 28/128 choke and
45 Hz pump frequency, of approximately 824 BOPD gross (412 BOPD net). The oil
quality is 32° API and there is a 3% water cut (completion fluid and
formation water).

The testing results indicate the well is capable of higher rates and the
ultimate flow rate will be determined in the first few weeks of production.

Initial production results are not necessarily indicative of long-term
performance or ultimate recovery.

 

Mateguafa 5 well

The Mateguafa 5 well (M-5) continues to produce at approximately 550 BOPD
gross (275 BOPD net) with an 18% water cut. The M-5 well is producing from the
C9 formation.  The official designation of the formation was changed from the
Guadalupe to the C9 formation after final analysis of the drill cuttings.

Mateguafa 7 well

The Mateguafa HZ7 (M-HZ7) well was spud on November 22(nd), 2025.  This
horizontal well is targeting the C9 formation, which both M-5 and M-6
encountered and reinforced the horizontal development concept.  Expectations
are that the well will take 2-3 weeks to drill and complete and will be put on
production in December.

Marshall Abbott, CEO of Arrow commented:

"The M-6 well was drilled on time and on budget and initial production has
exceeded expectations. In addition to the thick pay zones encountered in the
C7 formation, an additional pay zone currently behind pipe, the C9, provides
further production opportunities in the future."

"The M-6 well reinforces that the Mateguafa Attic discovery is material to
Arrow and we are looking forward to the results of the horizontal well M-HZ7
which will further develop this discovery and help determine the extent of the
pools and the potential reserves additions.  Initial results indicate that
the discovery will develop into another core area for Arrow with the potential
for horizontal drilling development."

"We look forward to providing further updates on this low-risk development
drilling program."

 

The Company also announces the appointment of Hannam & Partners as its
Joint Corporate Broker to work alongside Canaccord Genuity and Auctus
Advisors.

 

 

 

For further Information, contact:

 Arrow Exploration
 Marshall Abbott, CEO                                                +1 403 651 5995
 Joe McFarlane, CFO                                                  +1 403 818 1033

 Canaccord Genuity (Nominated Advisor and Joint Broker)
 Henry Fitzgerald-O'Connor                                           +44 (0)20 7523 8000

 James Asensio

 George Grainger

 Auctus Advisors (Joint Broker)
 Jonathan Wright                                                     +44 (0)7711 627449
 Rupert Holdsworth Hunt

 Hamman & Partners (Joint Broker)
 Leif Powis                                                          +44 20 7907 8500
 Samuel Merlin

 Camarco (Financial PR)
 Owen Roberts                                                        +44 (0)20 3781 8331
 Rebecca Waterworth

About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned
subsidiary Carrao Energy S.A.) is a publicly traded company with a portfolio
of premier Colombian oil assets that are underexploited, under-explored and
offer high potential growth. The Company's business plan is to expand oil
production from some of Colombia's most active basins, including the Llanos,
Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is
predominantly operated with high working interests, and the Brent-linked light
oil pricing exposure combines with low royalties to yield attractive potential
operating margins. By way of a private commercial contract with the recognized
interest holder before Ecopetrol S.A., Arrow is entitled to receive 50% of the
production from the Tapir block. The formal assignment to the Company is
subject to Ecopetrol's consent.  Arrow's seasoned team is led by a hands-on
executive team supported by an experienced board. Arrow is listed on the AIM
market of the London Stock Exchange and on TSX Venture Exchange under the
symbol "AXL".

 

Forward-looking Statements

This news release contains certain statements or disclosures relating to Arrow
that are based on the expectations of its management as well as assumptions
made by and information currently available to Arrow which may constitute
forward-looking statements or information ("forward-looking statements") under
applicable securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events, outcomes, results
or developments that Arrow anticipates or expects may, could or will occur in
the future (in whole or in part) should be considered forward-looking
statements. In some cases, forward-looking statements can be identified by the
use of the words "continue", "expect", "opportunity", "plan", "potential" and
"will" and similar expressions. The forward-looking statements contained in
this news release reflect several material factors and expectations and
assumptions of Arrow, including without limitation, Arrow's evaluation of the
impacts of COVID-19, the potential of Arrow's Colombian and/or Canadian assets
(or any of them individually), the prices of oil and/or natural gas, and
Arrow's business plan to expand oil and gas production and achieve attractive
potential operating margins. Arrow believes the expectations and assumptions
reflected in the forward-looking statements are reasonable at this time, but
no assurance can be given that these factors, expectations, and assumptions
will prove to be correct.

The forward-looking statements included in this news release are not
guarantees of future performance and should not be unduly relied upon. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. The forward-looking
statements contained in this news release are made as of the date hereof and
the Company undertakes no obligations to update publicly or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

 

Glossary

API:        A specific gravity
(https://glossary.oilfield.slb.com/en/terms/s/specific_gravity)  scale
developed by the American Petroleum Institute (API
(https://glossary.oilfield.slb.com/en/terms/a/api) ) for measuring the
relative density of various petroleum liquids, expressed in degrees.

BOPD:   barrels of oil per day

boe/d:  barrels of oil equivalent per day

Qualified Person's Statement

The technical information contained in this announcement has been reviewed and
approved by Grant Carnie, senior non-executive director of Arrow Exploration
Corp. Mr. Carnie was formerly a member of the Canadian Society of Petroleum
Geologists, holds a B.Sc. in Geology from the University of Alberta and has
over 35 years' experience in the oil and gas industry.

This Announcement contains inside information for the purposes of the UK
version of the market abuse regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLEAFFSAFDSFAA



            Copyright 2019 Regulatory News Service, all rights reserved