Arrow Exploration Corp. · TSXV:AXL
Arrow Exploration — Investor Presentation (June 2025)
26 slides from Arrow Exploration's investor presentation, June 2025
Slide 1: Corporate Presentation June 2025
ARROW EXPLORATION Growing & Socially-Responsible Colombia-Focused Energy Company AIM|TSXV : AXL June 2025 Corporate Presentation Unless stated otherwise, all dollar figures refer to US dollars ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION The content of information contained in this presentation (the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the purpose of engaging in any
Slide 3: Who We Are
Who We Are We are Explorers We are Multi-Zone Exploiters • 3 discoveries, RCE, CN, and Alberta Llanos • 5 zones producing from (Carbonera C7, • 3 3D projects completed. Over 215 km² of Guadalupe, Ubaque, Gacheta, and seismic acquired Umir) • Multiple bypass pay opportunities We are Developers We are
Slide 4: Corporate Update: Share Buy Back Program and Prepayment Facility
Corporate Update Share Buy Back Program - On June 13, 2025, Arrow announced the Share Buy Back Program - Under the program, Arrow is able to buy back 14,293,217 shares in a 12-month period. - The total amount that can be spent on the Share Buy Back Program is 2.7 million GBP. - The Company’s goals a
Slide 5: The Arrow Journey
The Arrow Journey 2020 2021 2022 2023 2024 2025 Q1 Q1 first Q2 new Q1 3D seismic Q1 3D seismic Q4 listing on developmental horizontal well management acquired on acquired on AIM at 6.25p program at at Carrizales team West Tapir East Tapir RCE Norte Q4 Alberta Q3 Carrizales Llanos Norte discovery dis
Slide 6: Corporate Snapshot
Corporate Snapshot Institutional 33.4% Share Ownership Market at March 31, 2025 Retail 19.6% Canacol High Net Worth 18.5% 21.0% $72M USD $1.08 USD $25m USD 286m ($103M CAD) Askar HighAlshinbayev Net Worth 16.81% 18.8% Market Value 2P NAV/Share (2P + Cash / Shares) Cash in Bank – December 31 Shares O
Slide 7: LatAm Peer Group Comparison
LatAm Peer Group Comparison Arrow is undervalued relative to peers EV/EBITDA EV/Production 4.50x 80,000 4.00x 70,000 3.50x 60,000 3.00x 50,000 USD/BOE/D 2.50x 40,000 2.00x 30,000 1.50x 20,000 1.00x 0.50x 10,000 0.00x - Peer Peer Peer Peer Peer Peer Peer Peer Arrow Peer Peer Peer Peer Peer Peer Peer
Slide 8: 2024 Year-End Reserves
2024 Year-End Reserves (1) Forecast Price at Dec 2024 YE 2024 $/bbl YEAR Brent (1) 2025 76.50 2026 78.50 2027 80.00 2028 81.50 2029 83.50 2030 85.17 2031 86.87 2032 88.61 2033 90.38 2034 92.19 2034+ 2% per year 1. Boury GEC December 31st, 2024 Reserve Report PAGE 7
Slide 9: 2025 Strategy: High Growth Development
2025 Strategy High Growth Development Funded through cash balance and operations cash flow 2025 Operator Contract Mateguafa Mateguafa 1 AB Step Out 1 CN Vertical Signed with New Rig CN North HZ 2 CN HZ Wells Attic Road & Oueste Pad Well Well Petrolco. Commissioned Development Pad being Built Develop
Slide 10: Total Production
Total Production Individual well ARROW EXPLORATION - PRODUCTION PER WELL 6,000 5,000 4,000 OIL RATE, BOE 3,000 2,000 New management team 1,000 - 2019-01-01 2020-01-01 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 CAPELLA OP-1 OP-2 MO-1 OP-3 OP-4 FIR WESTPEPPER EASTPEPPER RCE-1 RCE-2 RCE-3 R
Slide 11: Colombian Oil Portfolio: Llanos Basin
Colombian Oil Portfolio Llanos Basin ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 12: Tapir Contract
Tapir Contract - The Tapir contract expires in February 2028 - The contract contains two, 5-year extension provisions that can be granted at the discretion of Ecopetrol - All obligations for an extension listed in the contract, financial, production, communities, have been fulfilled - The partners (
Slide 13: 2023 3D Data Reveals North Tapir Prospectivity
2023 3d Data Reveals North Tapir Prospectivity Prospect Objectives Mateguafa Attic Multi-Zone C7 Gacheta Mateguafa Oeste Lower Gacheta Capullo Ubaque Alberta Llanos Field Oil Fields Inferred Ubaque Main Depositional Edge Ubaque Play Fairway Carrizales Norte 2024 Exploration Well Field Complex 2025 E
Slide 14: Total Tapir Water Plot
Total Tapir Water Plot Water Treatment Capacity TAPIR WATER 90,000 80,000 70,000 60,000 WATER RATE, bwpd 50,000 40,000 30,000 20,000 10,000 - ASPERSION INJECTION Total Water Production Treatment Capacity 1. Boury GEC December 31st, 2024 Reserve Report PAGE 13
Slide 15: Alberta Llanos Discovery
Alberta Llanos Discovery ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 16: Alberta Llanos Discovery
Alberta* Llanos Discovery Typical Llanos Basin prospect: three-way structural closure against a fault Multiple zone discovery: C7, Guadalupe, Gacheta, & Ubaque 121 feet (Hydrocarbon bearing reservoir) Located approximately 3.5 km northeast of Carrizales Norte discovery on same fault trend To
Slide 17: Carrizales Norte Field
CN Pad Carrizales Norte Field CNB Pad ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 18: Carrizales Norte: Horizontal Well Program
Carrizales Norte: Horizontal Well Program The first horizontal well was spud on May 14th, 2024. A 622 m horizontal section was drilled within the Main Ubaque reservoir. The well was brought on production on June 15, Main Ubaque depth structure 2024 and initial production was over 3,000 bbl/d gross
Slide 19: Carrizales Norte: C7 Potential
Carrizales Norte: C7 Potential Reservoirs consist of channelized sand bodies with excellent characteristics – Carrizales Norte porosity of 28 – 34% and multi-Darcy Conceptual C7 Existing Wells permeabilities Development Plan Current C7 Light oil (>30o API) and strong water Producers drive allow
Slide 20: Rio Cravo Este Field
Rio Cravo Este Field ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 21: Rio Cravo Este Field – Future Development
Rio Cravo Este Field – Future Development Top C7 Structure Map Top Ubaque Structure Map PAGE 20
Slide 22: Drill Ready Prospects
Drill Ready Prospects ARROW EXPLORATION CORP. (TSXV | AIM : AXL)
Slide 23: Mateguafa Attic Prospect: Multi Zone Potential
Mateguafa Attic Prospect Multi Zone Potential Mateguafa field discovered in 1998. Four wells drilled, two produced oil from Carbonera C7 sands (630k barrels) Original wells drilled on poor quality 2D seismic grid. 2023 acquired 3D data shows a different fault configuration and a large area of cl
Slide 24: Mateguafa Oeste & Capullo Prospects: Low Risk Exploration
Mateguafa Oeste & Capullo Prospects Low Risk Exploration Large prospects enhanced by fault trends Truncation of Ubaque Main sands against depositional edge Look-alikes to Carrizales Norte Ubaque discovery Land acquisition Thick complete, with Mateguafa Oeste environmental studies to follow T
Slide 25: Icaco Prospect
Icaco Prospect Top Ubaque depth structure Icaco structural closure A B A ICACO-1 B • The Icaco prospect has been re-mapped using the newly acquired Tapir Sur 3D. C7 Guadalupe • It is a robust 3-way fault dependent closure, with Ubaque as the primary target and C7 as secondary Gacheta Marker target U
Slide 26: Corporate Information
203, 2303 – 4th Street SW Calgary Alberta T2S 2S7 Marshall Abbott CEO T: 1 (403) 651 5995 E: mabbott@arrowexploration.ca Corporate Information Joe McFarlane CFO T: 1 (403) 818 1033 E: jmcfarlane@arrowexploration.ca Auditors: Ernst & Young LLP Legal Counsel: Gowling WLG (Canada) LLP NOMAD: Canaccord
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