Arrow Exploration has reported another good result from the Carrizales Norte-1 (CN-1) discovery well on the onshore Colombia Tapir Block, said SP Angel.
A ten-well drilling programme is underway at Tapir, with each of the wells anticipated to add around 3-400 barrels a day.
As a result, Arrow has "effectively already achieved" its 3,000 boe/d group production target in the first half of 2023.
“Following completion of the planned drilling programme, the company plans to move the rig back to the CN field for low-risk infill drilling, with investors also looking towards the current Tapir seismic programme in the Llanos Basin to provide material upside potential to the story.”