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Pin to quick picksArrow Explor. Share News (AXL)

Share Price Information for Arrow Explor. (AXL)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 20.25
Bid: 20.00
Ask: 20.50
Change: -0.05 (-0.25%)
Spread: 0.50 (2.50%)
Open: 20.00
High: 19.85
Low: 19.85
Prev. Close: 19.90
AXL Live PriceLast checked at -

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

Thu, 04th 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."

Current stock price: 17.75 pence, down 1.4% in London on Thursday

12-month change: unchanged

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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6 Feb 2025 15:51

Canaccord Genuity lowers target price on Arrow Exploration

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on Colombia-focussed oil firm Arrow Exploration from 50.0p to 44.0p on Thursday but acknowledged that near-term drilling was likely to reboot production growth.

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5 Feb 2025 14:01

Arrow Exploration reports drilling progress at Alberta Llanos

(Sharecast News) - Arrow Exploration updated the market on its drilling operations at the Alberta Llanos field in Colombia's Llanos Basin on Wednesday, where it holds a 50% beneficial interest.

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5 Feb 2025 11:01

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6 Jan 2025 11:16

Arrow Exploration says Colombian oil venture meets expectations

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Arrow Exploration reveals promising results from AB-1 well

(Sharecast News) - Arrow Exploration announced promising results from the AB-1 well at the Alberta Llanos field on the Tapir Block in Colombia on Monday, where it holds a 50% beneficial interest.

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17 Dec 2024 13:39

Arrow Exploration reaches target depth at AB-1 well

(Sharecast News) - Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.

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28 Nov 2024 11:32

Arrow Exploration reports strongest ever quarterly figures

(Alliance News) - Arrow Exploration Corp on Thursday said it was planning for another year of growth as it realised strong on-year improvements in key performance metrics.

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18 Sep 2024 12:36

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31 Jul 2024 14:11

Arrow Exploration says Colombia well performs above expectations

(Alliance News) - Arrow Exploration Corp on Wednesday said the CNB HZ-well 1 in Colombia is performing ahead of expectations, while another well as come into production and is also impressing.

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19 Jun 2024 13:20

Arrow Exploration says drill results validate new technology

(Alliance News) - Arrow Exploration Corp shares surged on Wednesday, after the company said results at its first Ubaque horizontal well were "exceeding expectations".

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