Arrow Exploration Corp., a high-growth oil producer operating in Colombia and Canada, announced that its corporate output has climbed above 6,500 barrels of oil equivalent per day (boe/d). The surge stems from the recent commissioning of two wells on the Icaco pad within the Tapir Block of the Llanos Basin. Together with a cash balance surpassing US$28 million the results underscore the company’s expanding operational scale and financial resilience.
Record production and strengthened balance sheet
The company now reports total corporate production exceeding 6,500 boe/d a new historical high. This figure incorporates output from the Icaco-8 (IC-8) and Icaco-7 (IC-7) wells, both of which were brought online in October and September 2026 respectively. Arrow attributes the gain to successful drilling campaigns on the Icaco pad, which hosts a suite of prospect-rich zones. Management believes additional upside remains attainable as the inventory of undeveloped prospects is explored.
As of 1 October 2026 Arrow’s estimated cash balance sits above US$28 million. The robust liquidity position affords the company flexibility to fund ongoing drilling, service debt, and sustain shareholder returns while production continues to climb.
Performance of Icaco-8 and Icaco-7 wells
The Icaco-8-ST-1 well was spudded on 21 September 2026 and reached total depth on 3 October 2026. Drilled to a measured depth of 11,000 ft (7,384 ft true vertical depth), the well encountered multiple productive intervals: 72 ft of net pay in the Carbonera C7 formation, 20 ft in the Guadalupe Formation, 30 ft in the Lower Gacheta, and 85 ft in the Ubaque formation. Production began on 12 October 2026 delivering roughly 1,204 barrels of oil per day (BOPD) gross (602 BOPD net) from the Carbonera C7 zone, governed by a 27/128 choke and a 32 Hz pump. The oil measures 28.2° API with a 33 % water cut, and the well continues to clean up.
The Icaco-7 well was spudded earlier, on 1 September 2026 reaching total depth by 7 September 2026. With a measured depth of 13,000 ft (7,347 ft true vertical depth), it intersected 86 ft of net pay in Carbonera C7 and a substantial 256 ft in the Ubaque formation. Production commenced on 20 September 2026 currently flowing at about 248 BOPD gross (124 BOPD net) from Ubaque, using a 20/128 choke and a 44 Hz pump. The crude is lighter at 13.2° API, and the water cut stands at 31 %.
Forward drilling, Tapir extension and strategic outlook
Arrow’s drilling agenda continues with the Icaco HZ9 (IC-HZ9) horizontal well, spudded on 13 October 2026 and completed on 20 October 2026. Targeting the Carbonera C7 reservoir, HZ9 marks the first horizontal well in this formation on the Tapir Block and already shows approximately 950 ft of measured horizontal oil pay, indicating a promising addition to the field’s multi-zone development.
Beyond field development, Arrow is engaged in constructive talks with Colombian regulators regarding a proposed extension of the Tapir Block. The recent presidential election ushered in a pro-business administration under President De La Espriella**,* whose vision emphasizes expanding national oil and gas production. Arrow views the policy shift as an opportunity to align its growth plans with the government’s objectives.
Chief Executive Officer Marshall Abbott highlighted the milestone, stating, “Arrow is very proud to surpass the 6,500 boe/d threshold.” He added that the multi-zone nature of the Icaco discovery has exceeded expectations and that strong netbacks in the current high-price environment are adding significant value and reinforcing the balance sheet. Abbott signaled that shareholders can anticipate further updates as drilling progresses and additional wells come online.
Arrow Exploration operates in Colombia through its wholly-owned subsidiary Carrao Energy S.A. holding a 50 % working interest in the Tapir Block under a commercial agreement subject to Ecopetrol’s consent. The company’s portfolio also spans the Llanos, Middle Magdalena Valley, and Putumayo basins, positioning it to capitalize on low royalties and favorable Brent-linked oil pricing.
