19th Apr 2022 11:30
Arrow Exploration Corp - Calgary, Canada-based oil and gas company - Says the Rio Cravo Este-2 well on the Tapir Block in the Llanos Basin of Colombia was drilled to a total depth of 9,674 feet. Completes casing of the well and expects cementing to be completed on April 20. Says this will be followed by a thorough production testing programme. Expects testing to take roughly five days per zone. Notes that the well is targeting a three-way fault-bounded structure with multiple high-quality reservoir objectives.
"From the data we have, several of the pay zones are attractive and like the RCE-1 well, we believe more than one pay zone will be productive," Chief Executive Marshall Abbott comments.
Current stock price: 15.05 pence, up 16% on Tuesday
12-month change: more than doubled from 7.38 on October 25
By Abby Amoakuh; [email protected]
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