Arrow Exploration Corp. , announced today that it has engaged Stifel Nicolaus Canada Inc. as advisor to its previously announced strategic alternatives process. Engagement of Strategic Advisor On November 28, 2019, Arrow announced it has initiated a strategic alternatives process to be overseen by a Special Committee of the Board of Directors. Arrow’s Special Committee is pleased to announce it has selected Stifel [...]
Arrow Exploration Corp. , announced today that as a further step to reduce costs, the Company has terminated its agreement with Integral Wealth Securities Limited to provide Market-Making services in accordance with TSX Venture Exchange policies and guidelines and other applicable legislation. On November 7, 2018, Arrow announced it had engaged Integral to trade securities of the Company on the TSXV with the objective of [...]
Arrow Exploration Corp. announces the issuance last evening of a total of 150,000 stock options , pursuant to the Company’s Stock Option Plan to a Director, previously appointed as announced on August 1, 2019, subject to regulatory approval. The Company has been in a share trading blackout since that time, which was lifted post market close on December 2, 2019. The Plan is intended to assist in attracting [...]
Arrow Exploration Corp. is pleased to announce the filing of its 2019 third quarter unaudited Financial Statements and MD&A and the initiation of a strategic alternatives process. Third Quarter Financial and Operating Results The Company’s Financial Statements and MD&A are available on SEDAR . All numbers are expressed in US dollars unless otherwise noted. Three months ended September 30, 2019 Nine months ended [...]
Arrow Exploration Corp. announces the postponement of its Annual General and Special Meeting , originally scheduled for December 4, 2019. Arrow has postponed the Meeting as and until the Company completes a search for and appoints a permanent President and Chief Executive Officer, following the recent resignation of the incumbent, and determines the associated potential changes to the Board. The Meeting will be [...]
Arrow Exploration Corp. announces that the Board of Directors has accepted Mr. Bruce McDonald's resignation from his role as President and Chief Executive Officer and from the Board of Directors of Arrow effective October 16, 2019. Mr. Jack Scott, Chief Operating Officer of Arrow, has been appointed by the Board of Directors as interim President & Chief Executive Officer of Arrow effective October 17, 2019, in addition [...]
Arrow Exploration Corp. is pleased to announce the filing of its 2019 second quarter unaudited Financial Statements and MD&A and to provide an operational update. The Company's Financial Statements and MD&A are available on SEDAR . All numbers are expressed in US dollars unless otherwise noted. except as otherwise noted) Three months ended June 30, 2019 Six months ended June 30, 2019 Three months ended March 31, 2019 [...]
CALGARY, Aug. 1, 2019 /CNW/ - Arrow Exploration Corp. is pleased to announce an operational update as well as revised terms of its $5 million Promissory Note with Canacol Energy and the appointment of a new board member to fill an existing vacancy. Operational Update Arrow's current corporate production is approximately 1,800 boe/d consisting of 1,700 bbl/d of oil production in Colombia which receives Brent-linked pricing [...]
Arrow Exploration Corp. is pleased to announce test results of the Rio Cravo Este-1 exploration well located on the Tapir Block in the Llanos Basin of Colombia. RCE-1 was spud on April 25, 2019 and reached a total depth of 10,000 feet measured depth within the Ubaque Formation. As announced on May 15th, the well encountered 103 feet of net oil pay with most of the pay indicated on logs within the C7, Gacheta, and Ubaque [...]
Arrow Exploration Corp. is pleased to announce the filing of its 2019 first quarter unaudited Financial Statements and MD&A and to provide an operational update. The Company's Financial Statements and MD&A are available on SEDAR . All numbers are expressed in US dollars unless otherwise noted. Financial Three months ended March 2019 March 2018 December 2018 Total natural gas and crude oil revenues, net of royalties [...]
Arrow Exploration Corp. is pleased to announce preliminary results of the Rio Cravo Este-1 exploration well located on the Tapir Block in the Llanos Basin of Colombia in which Arrow holds a 50% beneficial interest. The RCE-1 exploration well was spud on April 25th, 2019 and Arrow's petrophysical analysis of the LWD logs indicates 103 feet true vertical depth of oil pay in multiple conventional sandstone reservoirs within [...]
Arrow Exploration Corp. , is pleased to announce it has entered into a 'costless collar' structure to hedge approximately 600 bbl/d of Brent oil for the period June 1 to December 31, 2019. The 'costless collar' has a floor price of US $65 per barrel and a ceiling price of US $71 per barrel. This hedging structure provides a floor price of US $65 for 18,000 barrels of oil per month for the 7-month period June 1 to December [...]