Arrow Exploration Corp.·Energy

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Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) the Calgary-based oil producer focused on Colombia, has successfully drilled and brought into...

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) the Calgary-based oil producer focused on Colombia, has successfully drilled and brought into production a new well at its Mateguafa Attic field, adding to output at one of its most productive sites. The Mateguafa 11 well, known as M-11, was spud (drilling began) on March 9 and reached its target depth within six days, completing ahead of schedule and under budget.

Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its Mateguafa 11 well is set to add fresh production within weeks after hitting oil-bearing sands in two Carbonera formations. The well was drilled to 11,455 feet measured depth and found 18 feet of net pay in the C7 formation and 30 feet in C9.

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Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has brought two new wells at its Mateguafa Attic field in Colombia onto production, as the AIM- and TSXV-listed group advances its development and appraisal programme on the Tapir Block in the Llanos Basin. The Mateguafa-10 (M-10) well was drilled to 10,930 feet measured depth and brought online on 24 February in the Carbonera C7 formation, where Arrow reported around 27 feet of net oil pay.
Arrow Exploration Corp., a junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. As of December 31, 2021, it holds interests in six oil blocks in Colombia that covers an area of approximately 227,005 net acres; and oil and natural gas leases in seven areas in Canada covering an area of approximately 254,003 net acres. Arrow Exploration Corp. is headquartered in Calgary, Canada.
Energy
Oil & Gas Exploration & Production
35
2010-02-22
-0.60