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Pin to quick picksArrow Explor. Share News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
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Share Price: 26.50
Bid: 26.00
Ask: 27.00
Change: 0.00 (0.00%)
Spread: 1.00 (3.846%)
Open: 26.50
High: 26.50
Low: 26.50
Prev. Close: 26.50

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IN BRIEF: Arrow Exploration lifts year-end reserves on Colombia uplift

Wed, 30th Mar 2022 14:31

Arrow Exploration Corp - Calgary, Canada-based oil and gas company - Proved reserves at the end of 2021 increase 4.1% to 3.0 million barrels of oil equivalent, driven mainly by an uplift at Santa Isabel in Colombia.

Proved and probable reserves rise 5.5% to 7.4 million barrels, and proved, probable and possible reserves increase 10% to 11.5 million barrels, leading to net present value at 10% discount rate being USD134.0 million.

"Arrow delivered an increase in volumes and values across 1P, 2P and 3P reserves in 2021. We are pleased with the results of the BouryGEC reserves evaluation, which reinforces the significant value of our Colombian and Canadian assets," says Chief Executive Officer Marshall Abbott.

Current stock price: 13.45 pence

12-month change: up 82% since Oct 25

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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