Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott presented at the One2One Investor Forum about the company’s operations and growth strategy in Colombia. Abbott explained that since taking over the company in 2020, Arrow has made three discoveries that have resulted in 39 development wells. He noted, “We are on track now to drill an additional suite of exploration wells,” underlining the scale of the upcoming program.
Arrow currently produces around 4,800 barrels of oil per day and aims to increase production to 10,000 barrels per day within two to three years. Abbott highlighted the quality of the company’s reservoirs, describing them as “world class,” with strong aquifer support enabling recovery rates of up to 40%.
Financially, Arrow reported $13.6 million in cash, monthly cash flow of $2–3 million, and a $20 million prepayment facility that supports both operations and potential acquisitions. Abbott stressed the company’s disciplined approach to capital spending, noting that the 2025 program will allocate $44 million, balancing exploration, infrastructure, and production maintenance.
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