About AXL

Founded: n/a
Employees: n/a
CEO: G. Abbott
WebsiteView website: arrowexploration.ca

Arrow Exploration Corp. operates a junior oil and gas company that engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. The company is based in Calgary, Canada.

Recent AXL News & Updates

Announcement • May 26

Arrow Exploration Provides Update on Icaco 1 Exploration Well Results and Production

Arrow Exploration Corp. provided an update on operational activity on the Icaco field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. The Icaco 1 exploration well (IC-1) was spud May 5, 2026, and reached target depth on May 9, 2026. The IC-1 well was drilled, on time and under budget, to a total measured depth of 7,800 feet (7,524 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals. The log analysis shows a total of 30 feet of pay in the Carbonera C7 formation ("C7"), 15 feet of pay in the Gacheta formation, and 26 feet of pay in the Ubaque formation. Arrow put IC-1 on production on May 15, 2026, in the C7 where the pay zone that was perforated is comprised of two clean sandstones with an average porosity of 25%. An electric submersible pump ("ESP") was inserted in the well after perforating. During the clean-up period the well reached an average rate of 735 BOPD gross (368 BOPD net) with a 50% water cut for a 15 hour period before settling into the current stable production rate. The well is currently on production at 15/128 choke, 30 Hz pump frequency resulting in a restricted rate of approximately 628 BOPD gross (314 BOPD net). The oil quality is 27.8° API and there is a 46% water cut (completion fluid and formation water). The testing results indicate that the well is capable of higher rates, with well and pump optimization, and the ultimate flow rate will be determined over the coming weeks of production. Initial production results are not necessarily indicative of long-term performance or ultimate recovery. The Icaco 2 (IC-2) well, a significant step out from the IC-1 well, was spud on May 18, 2026. The IC-2 well will give Arrow an opportunity to increase production from Icaco, as well as provide further information on the size and materiality of the Icaco discovery.

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About AXL

Recent AXL News & Updates

Arrow Exploration Provides Update on Icaco 1 Exploration Well Results and Production

Arrow Exploration Corp. to Report Q1, 2026 Results on May 28, 2026

Asset-rich, price-taker: a 2–4 year NAV story, not a forever hold

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