04/01/2026
Arrow announced an update on the operational activity at the Mateguafa Attic field on the Tapir block in the Llanos basin of Colombia:
➡️ The M-11 well was drilled on time and under budget, put on production at a restricted rate of 784 BOPD gross, with testing results indicating the well is capable of higher rates.
➡️ Including the restricted production from the M-11 well, total corporate production is approximately 5,475 boe/d.
➡️ Estimated cash balance is US$13 million with no debt.
➡️ Approval of termination of Block COR-39 contract has been granted by Colombian regulators, eliminating a $12 million exploration commitment.
For full details: https://bit.ly/3Ob50nA