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ARROW Exploration Corp. Announces Spudding of the Danes-1 Exploration Well
ARROW Exploration Corp. Announces Spudding of the Danes-1 Exploration Well Canada ...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\n\n\n\n\nARROW Exploration Corp. Announces Spudding of the Danes-1 Exploration Well\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Oct. 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n CALGARY, Oct. 25, 2018 /CNW/ - ARROW Exploration Corp. (\"Arrow\" or the \"Company\") (TSXV: AXL), a company headquartered in Calgary, Alberta and its wholly-owned subsidiary Carrao Energy, is pleased to announce that the Company's Danes-1 exploration well on the Llanos-23 Block in Colombia has been spud. The Danes-1 well is targeting a faulted 3-way structural dip closure that was delineated by a previously shot 3D seismic program on the block.\nThe Danes-1 well is expected to take up to 25 days to drill and is anticipated to intersect multiple pay zones in an area that is known for stacked pay. If successful, it is anticipated that the well will be completed and tied-in very quickly to the nearby gathering system on the Llanos-23 Block which connects the Company's other producing fields to the 100%-owned Pointer processing facility.\n\"We are excited to be drilling an exploration well so soon after closing our reverse takeover transaction\" said President & CEO Gary Wine. \"The Danes prospect is on the main fault trend on the Llanos-23 Block and is just north of the producing Labrador field and is the first of many operations that Arrow has planned over the next six months.\"\nAbout the Company\nArrow Exploration Corp. is a Canada-based public company focused primarily on oil exploration and production in the Llanos, Magdalena and Caguan/Putumayo Basins in Colombia and the development of other legacy natural gas assets in the Montney trend in Alberta, Canada. \nReader Advisory \nThe TSXV has neither approved nor disapproved of the contents of this news release. This news release is not an offer of the securities for sale in the United States. The securities have not been registered under the United State...