Arrow Exploration brings new Colombian oil well on stream ahead of schedule and under budget
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) the Calgary-based oil producer focused on Colombia, has successfully drilled and brought into production a new well at its Mateguafa Attic field, adding to output at one of its most productive sites. The Mateguafa 11 well, known as M-11, was spud (drilling began) on March 9 and reached its target depth within six days, completing ahead of schedule and under budget.
Arrow Exploration looks forward to a continuation successful, low risk drilling campaign
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its Mateguafa 11 well is set to add fresh production within weeks after hitting oil-bearing sands in two Carbonera formations. The well was drilled to 11,455 feet measured depth and found 18 feet of net pay in the C7 formation and 30 feet in C9.
Arrow Exploration has brought online two new wells in Colombia
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has brought two new wells at its Mateguafa Attic field in Colombia onto production, as the AIM- and TSXV-listed group advances its development and appraisal programme on the Tapir Block in the Llanos Basin. The Mateguafa-10 (M-10) well was drilled to 10,930 feet measured depth and brought online on 24 February in the Carbonera C7 formation, where Arrow reported around 27 feet of net oil pay.
Arrow Exploration puts M-8 online as Tapir well programme continues to deliver
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has reported results from the 50%-owned Mateguafa 8 appraisal well on the Tapir Block in Colombia's Llanos Basin, where the well has now been placed on production. M-8 was spudded on 14 December and reached target depth on 18 December, encountering several hydrocarbon-bearing intervals.
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Arrow Exploration grows output with Mateguafa discovery – ICYMI
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) earlier this week updated investors on recent drilling results and its outlook for 2026, highlighting strong operational performance and continued development momentum. The company said the HZ7 horizontal well at Mateguafa is producing between 1,800 and 2,000 barrels per day with minimal water cut.
Arrow Exploration's production growth cheered by broker
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has delivered another strong operational update, with Zeus Capital highlighting the successful result from the company's M-H7 horizontal well at the Mateguafa Attic discovery in Colombia as a material positive for production and cash flow momentum. The broker notes that M-H7 intersected an unusually long 4,053 feet of horizontal oil pay in the C9 formation and has already been brought onstream at a restricted gross rate of 1,694 barrels per day, with a low 4% water cut.
Arrow Exploration says production from latest well exceeds expectations
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has announced results from its 50%-owned Mateguafa HZ7 (M-HZ7) appraisal well on the Tapir Block in Colombia. M-HZ7 well was drilled on time and on budget to a measured depth of 14,253 feet and encountered multiple hydrocarbon-bearing intervals.
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Arrow Exploration operations and profitability boosted by infrastructure investments
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) reported average production of 4,214 barrels of oil equivalent per day in the third quarter of 2025, slightly higher than the same period a year earlier. The company generated total oil and gas revenue of US$18.50 million net of royalties for the quarter and ended September with US$6.3 million in cash.
