Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors it has brought four additional wells into production in the second half of 2025.
The new wells (RCE HZ10, CN HZ12, CN HZ13 and AB-3) are all located across the Tapir Block in Colombia, where Arrow holds a 50% interest. Two are horizontal wells, whilst the other two are vertical.
Production from these newly drilled wells amounts to more than 4,800 barrels of oil equivalent per day, Arrow highlighted.
"The Carrizales Norte field continues to deliver with successful wells," said chief executive Marshall Abbott.
"Both horizontal wells have further developed the Carrizales Norte field. The success of these two horizontal wells proves future development potential at Carrizales Norte."
Abbott added: "The company is exploring completion techniques that could result in higher production results in the Ubaque at RCE."
New well data
The Carrizales Norte HZ13 well is producing 1,002 barrels of oil per day gross, Arrow noted, while CN HZ12 is producing 532 barrels per day gross.
For vertical wells. the AB-3 well's recompletion is yielding 840 barrels per day gross, and the RCE HZ10 well is producing 200 barrels per day gross. The company also noted that it has expanded water disposal capacity to support future growth.