Arrow Exploration Corp. , is pleased to announce that this afternoon Mr. Bruce McDonald accepted the permanent appointment as Arrow's President & Chief Executive Officer, and existing independent director, Mr. Dominic Dacosta, accepted the appointment as Chairman of Arrow's Board of Directors , both appointments effective immediately. The Company previously announced on April 30, 2019 that in contemplation of the upcoming [...]
Arrow Exploration Corp. is pleased to announce the filing of its 2018 year-end audited Financial Statements and MD&A and to provide an operational and management update. The Company's Financial Statements and Annual Information Form are available on SEDAR . All numbers are expressed in US dollars unless otherwise noted. Financial Three months ended, December 31 Year ended, December 31 2018 2017 Change 2018 2017 Change [...]
Arrow Exploration Corp. is pleased to announce it has contracted the Weatherford 839 rig which has spud the Rio Cravo Este-1 exploration well on the Tapir Block in the Llanos Basin of Colombia. RCE-1 has been identified via 3-D seismic and is targeting a large, three-way fault-bounded structure with multiple high-quality reservoir objectives. The well is expected to be at total depth of 8,000 feet True Vertical Depth [...]
Arrow Exploration Corp. is pleased to report its year-end 2018 reserves in Colombia and Canada as evaluated by DeGolyer and MacNaughton of Dallas, Texas in its report dated effective as of December 31, 2018 . This evaluation was prepared using the guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and is in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities [...]
Arrow Exploration Corp. ) announces the departure of Fred Kozak, VP Corporate Development, from the management team of the Company. Arrow is committed to prudently managing its G&A expense and, as a result, Mr. Kozak's position of VP Corporate Development has been eliminated. The responsibilities of VP Corporate Development have been amalgamated under the role of VP Finance & IR. Arrow's Board and Management wish to thank [...]
Arrow Exploration Corp. is pleased to announce it has closed on the previously announced sale of both a 20% working interest in the Shallow Section and a 46.9% working interest in the Deeper Section in the VMM-2 Block located in the Middle Magdalena Basin in Colombia for the sum of US $5 million, subject to adjustments . The Transaction provides an important boost to Arrow's financial flexibility while retaining exposure [...]
Arrow Exploration Corp. is pleased to announce it has signed a definitive agreement for the sale of both a 20% working interest in the Shallow Section and a 46.9% working interest in the Deeper Section in the VMM-2 Block located in the Middle Magdalena Basin in Colombia for the sum of US $5 million, subject to adjustments . The Transaction provides an important boost to Arrow's financial flexibility while retaining [...]
Arrow Exploration Corp. is pleased to announce test results of the Danes-1 exploration well located on the LLA-23 Block in the Llanos Basin of Colombia. The Danes-1 exploration well was perforated and tested in the Gacheta D2 Sand which was one of three prospective zones identified by logs. After stabilizing the well conditions at 19:00 hours on December 3, 2018 using a 64/64" choke, a 24-hour test was performed where [...]
Arrow Exploration Corp. today reports its financial and operating results for the three and nine months ended September 30, 2018. The Company's unaudited consolidated financial statements and corresponding Management's Discussion and Analysis for the period will be available on SEDAR at www.sedar.com, and on Arrow's website at www.arrowexploration.ca. All amounts herein are expressed in United States dollars, unless [...]
Arrow Exploration Corp. is pleased to announce preliminary results of the Danes-1 exploration well located on the LLA-23 Block in the Llanos Basin of Colombia which is 100% owned and operated by Arrow's Colombian operating entity . The Danes-1 exploration well was spud on October 25, 2018 and Arrow's petrophysical analysis of the logging while drilling logs indicates the well encountered 43 feet true vertical depth of oil [...]
Arrow Exploration Corp. is pleased to announce that, subject to regulatory approval, it has engaged Integral Wealth Securities Limited to provide Market-Making services in accordance with TSX Venture Exchange policies and guidelines and other applicable legislation. Integral will trade securities of Arrow on the TSXV with the objective of maintaining an orderly market of the Company's securities. In consideration of the [...]
Arrow Exploration Corp. is pleased to announce that it will host a conference call and webcast on Monday, November 5, 2018 at 9:00 am MT to introduce Management to new investors, including current Canacol Energy shareholders due to receive shares of Arrow on November 6, 2018 following Arrow's previously disclosed transactions and arrangement agreement. On the call, Gary Wine, President & Chief Executive Officer and Jack [...]