Arrow Exploration shares record-breaking quarter and new oil discovery in Colombia

About this update from Arrow Exploration Corp.

[{"type":"text","content":"Arrow Exploration shares record-breaking quarter and new oil discovery in Colombia\n \n \n (NewsDirect)\n \n \n \n \n Arrow Exploration CEO Marshall Abbott\njoins Natalie Stoberman from the Proactive studios to share the\ncompany's 1Q financial highlights along with the latest discovery\nat its Carrizales Norte-1 well (CN-1), an exploration well on the\nTapir block in the Llanos basin of Colombia.\n \n \n Abbott says the company has recorded $6.9\nmillion of total oil and natural gas revenue which has more than\ndoubled earnings from 1Q 2022. Abbott also says the company has added\nto its record quarter with adjusted EBITDA of $4.3 million, more than\nseven times compared to 2022.\n \n \n In addition, Arrow Exploration\nhas also revealed a significant new drill discovery at its Carrizales\nNorte project in Colombia. Abbott says the well was drilled to a total\nmeasured depth of 9,190 feet and encountered 148 feet of cumulative\nnet oil pay. He says the discovery has led to six separate pay zones,\nincluding a thick pay zone that produced over 1000 barrels a day. This\ndiscovery adds substantially to the company's reserve base and is\nexpected to have a significant impact on its future production.\n \n \n \n Contact Details\n \n \n \n Proactive Canada\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1765,"tagName":"div"}]

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