Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Arrow Explor. (AXL) Share News

IN BRIEF: Arrow Exploration reports progress in Colombia prospects

17th Jan 2024 18:14

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Provides operations update. Says the Petroworks 1,500-horsepower rig has arrived at the Carrizales Norte field in the Tapir block and is currently being erected. Expects the CN-4 well, targeting the Ubaque formation at CN, will spud in the latter half of January. CN-4 will be followed by CN-5 which will test the Carrizales Noroeste prospect. The CN-5 well is expected to spud in February. Read More

IN BRIEF: Arrow Exploration set to deliver higher production in 2024

4th Jan 2024 18:21

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Approves 2024 work programme, which includes 15 wells and a USD45 million net capital budget. States the entire capex budget will be financed by current cash reserves and operating cash flow. Says the 2024 budget focuses on the Tapir block and the development of the Carrizales Norte field. Expects to employ two rigs for the entire year on the Tapir block with a third rig being utilized as required. Plans to drill three horizontal wells at CN as well as focusing on low-risk exploration, with wells spread across the Mateguafa prospect. Believes each prospect has potential, on its own, to add materially to production, reserves and cash flow. Expects production from Oso Pardo 1 to resume in early 2024. Marshall Abbott, chief executive comments: "Arrow's fully funded, low risk drilling program for 2024 continues to build momentum across our extensive portfolio. Arrow is poised to achieve significantly higher production and commensurate cash flow through the 2024 calendar year." Read More

IN BRIEF: Arrow Exploration third quarter profit surges as output up

29th Nov 2023 14:21

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Pretax profit surges to USD6.7 million in the quarter to September 30, from USD3.1 million a year prior. Revenue jumps 84% to USD15.9 million from USD8.6 million, boosted by oil production, which rises 68% to 2,518 barrels of oil equivalent from 1,503 boe/d. Looking ahead, the company plans to have a USD40 million capital programme including 15 wells in 2024. Chief Executive Officer Marshall Abbott says: "Arrow continues to grow, recording its strongest quarter to date. The 2023 drilling program, including the CN discovery, added significant production and reserves to the company and established a new core area. Additional low risk prospects have been identified using our recently acquired 3D seismic data." Read More

EARNINGS AND TRADING: Tatton profit up; Mycelx to miss expectations

16th Nov 2023 14:26

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Arrow Exploration shareholders exercise warrants

18th Oct 2023 16:15

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Announces the exercise of warrants by its largest shareholders and management. Explains the warrants were issued in conjunction with the fourth quarter 2021 financing and had an exercise price of GBP0.09 per share. The company's largest shareholder, Canacol Energy Ltd, has exercised 18.4 million warrants and now holds around 21% of Arrow's share capital. It intends to hold its current interest. Tim Leslie, has exercised 10.2 million warrants and now holds a 6.3% stake in the company. Read More

TRADING UPDATES: TruSpine accepts Aquis findings after investigation

18th Sep 2023 18:12

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

TRADING UPDATES: Avation enters new lease for Airbus A320 with Cebu

11th Sep 2023 18:17

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

TRADING UPDATES: Fulcrum Metals finds uranium oxides at Charlot-Neely

7th Sep 2023 17:13

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

EARNINGS UPDATES: Amaroq Minerals, Arrow Exploration swing to profit

29th Aug 2023 13:06

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

27th Jul 2023 21:53

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

Arrow Exploration pleased with production test results at CN field

19th Jun 2023 13:27

(Alliance News) - Arrow Exploration Corp on Monday reported a peak production rate of over 1,270 barrels per day from tests on its new well in Columbia, and expects drilling of further wells to start within the next few weeks. Read More

IN BRIEF: Arrow Exploration starts completion operations at CN-1 well

8th Jun 2023 12:14

Arrow Exploration Corp - Calgary, Canada-based oil and gas company with projects in Colombia and Canada - Starts completion operations at the Carrizales Norte-1 well, an exploration well on the Tapir Block in the Llanos basin of Colombia where Arrow holds a 50% beneficial interest. Expects to proceed with putting the C7A and C7 zones straight on production during the course of next week. Says the rig will move over to spud the Carrizales Norte-2 well after CN-1 being put on production. Read More

Arrow Exploration Says CN-1 well test 'evidence' of potential

30th May 2023 13:29

(Alliance News) - Arrow Exploration Corp on Tuesday said it has completed a production test on its CN-1 well, achieving a peak rate of 1,222 barrels of oil per day. Read More

IN BRIEF: Arrow Exploration revenue doubles in strong first quarter

30th May 2023 10:46

Arrow Exploration Corp - Calgary, Canada-based oil and gas company with projects in Colombia and Canada - Revenue in the first quarter rises to USD7.0 million with royalties, more than double USD3.4 million from the previous year. Earnings before interest, tax, depreciation, and amortization rises to USD4.3 million from USD600,000. Corporate production rises 43% to 1,635 barrels oil equivalent per day from 1,144 boepd a year prior. The company declares no dividend in the first quarter, unchanged from the previous year. Read More

FTSE 100 Latest

Value9,283.29

Change-14.29