Arrow Announces Record Production and IC-8, IC-7 Well Results

(AIM:AXL) (TSXV:AXL) Arrow Exploration Corp. provided an operational update on the Icaco field, located on the Tapir Block in the Llanos Basin of Colombia, where Arrow holds a 50 percent beneficial interest. As of the announcement, Arrow's total corporate production is over 6,500 boe/d, which is a record high for the company and includes output from the Icaco 8 (IC-8) and Icaco 7 (IC-7) wells. The company's estimated cash balance as of October 1, 2026, is over US$28 million. The Icaco 8-ST-1 well was spud on September 21, 2026, and reached total depth on October 3, 2026, drilling to a measured depth of 11,000 feet (7,384 feet total vertical depth). IC-8-ST-1 encountered 72 feet MD (23 feet TVD) of net pay in the Carbonera C7 formation, 20 feet MD (6 feet TVD) in the Guadalupe Formation, 30 feet MD (10 feet TVD) in the Lower Gacheta, and 85 feet MD (30 feet TVD) in the Ubaque formation. The IC-8 well began production on October 12, 2026, and is currently producing from the Carbonera C7 formation at a restricted rate of approximately 1,204 BOPD gross (602 BOPD net), with a 27/128 choke and 32 Hz pump frequency, 28.2° API oil quality, and a 33% water cut. The Icaco 7 well was spud on September 1, 2026, and reached total depth on September 7, 2026, at a measured depth of 13,000 feet (7,347 feet total depth). IC-7 encountered 86 feet MD (15 feet TVD) of net pay in the Carbonera C7 and 256 feet MD (57 feet TVD) in the Ubaque formation. IC-7 began production on September 20, 2026, and is currently producing from the Ubaque formation at a restricted rate of approximately 248 BOPD gross (124 BOPD net), with a 20/128 choke and 44 Hz pump frequency, 13.2° API oil quality, and a 31% water cut. The Icaco HZ9 (IC-HZ9) horizontal well was spud on October 13, 2026, and completed drilling on October 20, 2026, targeting the Carbonera C7 formation, and appears to have 950 feet of horizontal oil pay (measured depth). Arrow continues discussions with regulatory bodies regarding the Tapir extension and notes the recent Presidential election in Colombia has resulted in a pro-business government. Arrow has built 16 well cellars at Icaco and continues to drill Carbonera C7, Gacheta, and Ubaque wells on the Icaco pad. The company attributes its production growth and strong balance sheet to operational success and high oil prices. Marshall Abbott is CEO of Arrow Exploration Corp. Joe McFarlane is CFO. The technical information in the announcement was reviewed and approved by Nilanjan Ganguly, Chief Geophysicist.

Arrow Exploration Corp Cdi — Arrow Announces IC-6 Well Results

(AIM: AXL) Arrow Exploration Corp. announced record high total corporate production of over 6,000 boe/d, including output from the recently acquired Thorsby field in Alberta, Canada. As of September 1, 2026, after the Thorsby acquisition payment of US$8,900,000, the Company's estimated cash balance is US$21,800,000. The Icaco 6 well (IC-6) was spud on August 19, 2026, and reached total depth on August 24, 2026, encountering a fault and lost circulation, leading management to case the well prematurely and complete it as a water disposal well. Log analysis in IC-6 shows 6.5 feet MD (4 feet TVD) of net pay in the Carbonera C7 formation and 5 feet MD (3 feet TVD) of net pay in the Guadalupe Formation. The well was terminated before reaching the Gacheta and Ubaque formations. The IC-7 well was spud on September 1, 2026, targeting C7, Gacheta, and Ubaque. Arrow is building another five cellars on the Icaco pad, bringing the total to fifteen, to continue drilling C7, Gacheta, and Ubaque wells. The best production wells in the Icaco block have paid out in less than 2 months and production continues to be strong from these wells. Arrow holds a 50 percent beneficial interest in the Tapir Block in the Llanos Basin of Colombia. The company continues constructive discussions with regulatory bodies on the Tapir extension and looks forward to being part of President De La Espriella's vision to increase Colombia's oil and gas development.

Arrow Exploration Corp Cdi — Arrow Announces Q2 2026 Interim Results

(AIM: AXL; TSXV: AXL) Arrow Exploration Corp. announced the filing of its Interim Condensed (unaudited) Consolidated Financial Statements and Management's Discussion and Analysis for the three months ended June 30, 2026. The company recorded $34.2 million of total oil and natural gas revenue, net of royalties, representing a 116% increase compared to Q2 2025. Average corporate production was 4,902 boe/d, a 30% increase from Q2 2025. Adjusted EBITDA was $25.1 million, a 300% increase from Q2 2025. Arrow reported a cash position of $28.5 million at the end of Q2 2026 and no debt. Net income for Q2 2026 was $10.4 million compared to a loss of $0.9 million in Q2 2025. The company completed the acquisition of the Thorsby field in Alberta, Canada, adding production, proved reserves, and additional upside opportunities for development drilling.

Arrow Announces Q2 2026 Interim Results

(AIM: AXL) (TSXV: AXL) Arrow Exploration Corp. recorded $34.2 million of total oil and natural gas revenue, net of royalties, for Q2 2026, representing a 116% increase compared to Q2 2025. The company achieved average corporate production of 4,902 boe/d in Q2 2026, a 30% increase from Q2 2025. Adjusted EBITDA for Q2 2026 was $25.1 million, a 300% increase from Q2 2025. Arrow reported a cash position of $28.5 million at the end of Q2 2026 and no debt. Net income for Q2 2026 was $10.4 million, compared to a loss of $0.9 million in Q2 2025. The company drilled one successful exploration well and two additional development wells in the Icaco field and one horizontal development well in the Mateguafa Attic field in the Tapir block. Arrow completed the acquisition of the Thorsby field in Alberta, Canada, adding production, proved reserves, and additional upside opportunities for development drilling.

Arrow Exploration Corp Cdi — Arrow Announces Alberta Property Acquisition

(AIM:AXL; TSXV:AXL) Arrow Exploration Corp. announced the acquisition of a 100% working interest in a 550 boepd oil producing property in Thorsby, Central Alberta, Canada for $12.15 million CAD (approximately $8.9 million USD), funded directly from on-hand cash reserves. The Thorsby asset generated $2.0 million CAD of operating income in the last 12 months and has a significant 1P reserve base of 4.973 million boe and 2P of 7.537 million boe. The third-party reserve report, effective 31 December 2025, estimates pre-tax NPV 10 for the 1P and 2P reserves at $38 million CAD ($27 million USD) and $71 million CAD ($51 million USD) respectively. Arrow is assuming decommissioning liabilities of $8.7 million CAD ($6.3 million USD) as part of the transaction. Management has identified 22 low-cost, quick payout drilling locations on the property and plans to deploy a development program across the lower Cretaceous Sparky reservoir. The Thorsby property consists of 9,501 net acres of land approximately 200km north of Calgary.

Arrow Announces Alberta Property Acquisition

(AIM: AXL) (TSXV: AXL) Arrow Exploration Corp. announced the acquisition of a 100% working interest in a 550 boepd oil producing property in Thorsby, Central Alberta, Canada for $12.15 million CAD (approximately $8.9 million USD), funded directly from on-hand cash reserves. The property generated $2.0 million CAD of operating income in the last 12 months. The third-party reserve report, effective 31 December 2025, estimates 1P reserves of 4.973 million boe and 2P reserves of 7.537 million boe, with pre-tax NPV 10 for 1P and 2P reserves of $38 million CAD ($27 million USD) and $71 million CAD ($51 million USD) respectively. Arrow is assuming decommissioning liabilities of $8.7 million CAD ($6.3 million USD). The Thorsby property covers 9,501 net acres and has current production of approximately 27% oil and liquids, with 1P and 2P volumes approximately 55% oil and liquids. Management has identified 22 low-cost, quick payout drilling locations on the property and plans to deploy a development program across the lower Cretaceous Sparky reservoir.

Arrow Announces IC-3, IC-4HZ and IC-5HZ Results

(AIM: AXL; TSXV: AXL) Arrow Exploration Corp. announced the successful drilling and production of the Icaco 3, Icaco 4 horizontal, and Icaco 5 horizontal wells on the Tapir Block in the Llanos Basin of Colombia, where Arrow holds a 50 percent beneficial interest. The Icaco 3 well reached a total measured depth of 7,710 feet and is producing approximately 250 BOPD gross (125 BOPD net) from the Gacheta formation with oil quality of 25.3° API and less than 1% water cut. The Icaco 4 horizontal well reached a total measured depth of 12,617 feet and is currently producing 150 BOPD gross (75 BOPD net) after a maximum clean-up rate of 799 BOPD gross (399 BOPD net), while the Icaco 5 horizontal well reached a total measured depth of 11,914 feet and is producing at a current rate of 1,270 BOPD gross (635 BOPD net). Including these wells, total gross corporate production is over 5,000 boe/d. As of August 1, 2026, the company's estimated cash balance is US$27.5 million with no debt. The company projects future projects at Icaco to include both horizontal and vertical development wells targeting the Ubaque, Gacheta, and C7 formations. Five additional cellars have been built at Icaco to continue the drilling program, and Arrow is awaiting the extension of the Tapir block from Colombian authorities.

Arrow Announces IC-3, IC-4HZ, and IC-5HZ Well Results

(AIM: AXL) (TSXV: AXL) Arrow Exploration Corp. provided an operational update on the Icaco field in the Tapir Block, Llanos Basin of Colombia, where Arrow holds a 50 percent beneficial interest. The Icaco-3 well was spud on July 2, 2026, reached a total measured depth of 7,710 feet, and is currently producing approximately 250 BOPD gross (125 BOPD net) from the Gacheta formation with oil quality of 25.3° API and less than 1% water cut. The Icaco-4 horizontal well reached a maximum rate of 799 BOPD gross (399 BOPD net) before stabilizing at 150 BOPD gross (75 BOPD net), while the Icaco-5 horizontal well is producing at a current rate of 1,270 BOPD gross (635 BOPD net). Including production from these wells, total gross corporate production is over 5,000 boe/d. As of August 1, 2026, the company's estimated cash balance is US$27.5 million, and Arrow continues to have no debt. The company projects that future projects at Icaco are expected to include both horizontal and vertical development wells targeting the Ubaque, Gacheta, and C7 formations.

Arrow Announces Exploration Well IC-2 Results

(AIM:AXL, TSXV:AXL) Arrow Exploration Corp. announced an operational update on the Icaco field in the Tapir Block, Llanos Basin of Colombia, where Arrow holds a 50 percent beneficial interest. The Icaco-2 exploration well (IC-2) was spud May 18, 2026, reached target depth on May 26, 2026, and was drilled to a total measured depth of 12,020 MD feet (7,399 TVD feet), encountering a total net pay of 100 feet TVD across multiple formations. The well is currently producing from the Ubaque formation at a restricted rate of approximately 830 BOPD gross (415 BOPD net) with oil quality of 13.4° API and a 1% water cut. Including IC-2, total gross corporate production is approximately 5,000 boe/d, and as of June 2, 2026, the company's estimated cash balance is US$26.7 million with no debt. During May 2026, Arrow oil field realized prices averaged approximately $97.48 US/barrel. The company is constructing five additional cellars at the Icaco pad for a total of 7 additional cellars after IC-4HZ. The company projects that the Pepper field is expected to be brought back on production once AECO gas prices improve in the third and fourth quarter of 2026.

Arrow Announces Q1 2026 Interim Results

Arrow Exploration Corp. (AIM: AXL, TSXV: AXL) announced the filing of its Interim Condensed (unaudited) Consolidated Financial Statements and MD&A for the three months ended March 31, 2026. The company reported average corporate production of 4,715 boe/d, a 15% increase over Q1 2025, and total oil and natural gas revenue of $23,498,316, up 21% from the prior year. Adjusted EBITDA reached $14,060,456, a 22% increase, and net income was $5,221,470. Arrow drilled three additional development wells in the Mateguafa Attic field and made a discovery at the Icaco-1 exploration well post period end. The company ended Q1 2026 with a cash position of $14,215,687, which increased to US$24 million by May 1, 2026. Arrow plans to continue drilling and recompletions in Q2 2026, and is engaged in discussions regarding the Tapir block extension.

Arrow Announces Exploration Well IC-1 Results

Arrow Exploration Corp. (AIM: AXL, TSXV: AXL) has provided an operational update on the Icaco field in the Tapir Block, Llanos Basin of Colombia, where it holds a 50 percent beneficial interest. The Icaco 1 exploration well (IC-1) was spud on May 5, 2026, reached target depth on May 9, 2026, and was put on production on May 15, 2026, in the Carbonera C7 formation. The well was drilled to a total measured depth of 7,800 feet (7,524 feet true vertical depth), encountered multiple hydrocarbon-bearing intervals, and is currently producing at a restricted rate of approximately 628 BOPD gross (314 BOPD net) with a 46% water cut. The Icaco 2 (IC-2) well, a significant step out from IC-1, was spud on May 18, 2026, to further delineate the discovery. Including IC-1, total gross corporate production is approximately 5,100 boe/d. Arrow plans further appraisal and development drilling at Icaco, as well as at the AB and CN pads, and expects to bring the Pepper gas field back on production when AECO gas prices improve. The company highlights its strong balance sheet, no debt, and significant cash flow, providing a stable platform for organic growth and accretive acquisitions.

Arrow Announces Exploration Well IC-1 Log Results

Arrow Exploration Corp. announced the successful drilling and log analysis of the Icaco 1 exploration well (IC-1) on the Tapir Block in the Llanos Basin of Colombia, where Arrow holds a 50 percent beneficial interest. The well was drilled on time and under budget to a total measured depth of 7800 feet (7524 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals, including 30 feet of pay in the Carbonera C7 formation, 15 feet in the Gacheta formation, and 26 feet in the Ubaque formation. Arrow plans to production test the IC-1 well in these three formations and will provide production testing results after tests and clean up are completed over the coming weeks. The company has now drilled five successful exploration wells in the Tapir Block, resulting in 40 development wells, demonstrating significant value additions. These results are better than anticipated and highlight the hydrocarbon density of the Tapir Block.

Arrow Announces Appraisal Well M-12 Results

Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) announced the successful drilling and production of the Mateguafa HZ12 well (M-HZ12) in Colombia, which reached a total measured depth of 13,824 feet and is currently producing at a restricted rate of approximately 564 BOPD gross (282 BOPD net). The company also spud its first Icaco exploration well on May 5, 2026, and plans further development at the Icaco location depending on results. Arrow's total gross corporate production is approximately 5,000 boe/d, with a cash balance of US$24.2 million and no debt as of May 1, 2026. Realized oil prices averaged $87 US/barrel in March and $90 US/barrel in April 2026. Arrow and its partner are in constructive discussions regarding the extension of the Tapir block.

Arrow Announces 2025 Audited Year End and Q4 2025 Results, Filing of Audited Financial Statements, MD&A and Reserves Report

Arrow Exploration Corp. announced the filing of its Annual Audited Financial Statements, MD&A, and 2025 year-end reserves report for the year ended December 31, 2025. The company reported a net income of $1.4 million, total oil and gas revenue of $70.5 million, and a cash position of $11 million at year-end 2025. Arrow drilled 14 development wells in Colombia and one in Canada, increasing annual average production by 13% to 4,012 boe/d. The company has no outstanding debt and invested $43 million in capital expenditures during 2025. Arrow's 2026 work program is fully funded at $24 million, targeting up to nine new wells in the Tapir block.