Proactive - Interviews for investors podcast

Arrow Exploration sees record revenue and production gains in 2024, sets stage for 2025 growth

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Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to provide a comprehensive update on the company’s operational and financial performance for the year ended December 31, 2024, along with a preview of its ambitious 2025 plans. Abbott announced that Arrow achieved a 65% increase in total oil and gas revenue, reaching $73.7 million (net of royalties), driven by strong production growth across key assets. The company reported net income of $13.2 million, which includes a $0.7 million reversal of impairment charges. Adjusted EBITDA rose sharply to $48 million—an impressive 78% increase compared to the previous year—highlighting improved operational efficiency and favorable market conditions. Operationally, Arrow made significant strides in 2024, drilling seven horizontal and five vertical wells at its Carrizales Norte field. These wells materially boosted output and enhanced the company’s production profile. In addition, Arrow successfully drilled an exploratory well in the Alberta Llanos field within the Tapir Block, expanding its resource potential in the region. Looking ahead, the company has hit the ground running in 2025. So far this year, Arrow has drilled three development wells on the Carrizales Norte field and two more in the Alberta Llanos field. One of these, the AB-2 well, is currently being recompleted as a water disposal well. The remaining wells have been brought online and are producing at restricted rates to manage reservoir pressure and prevent early water breakthrough. Arrow's fully funded 2025 capital program totals $51 million and targets the drilling of up to 23 wells, primarily within the Tapir Block. This includes the company’s first horizontal wells in the Alberta Llanos area, as well as newly identified prospects in the Mateguafa Attic. These initiatives underscore Arrow’s commitment to unlocking value across its growing asset base and further enhancing shareholder returns. #proactiveinvestors #arrowexplorationinc #aim #axl #tsxv #axl #OilAndGas #MarshallAbbott #ColombiaEnergy #EnergyStocks #OilDrilling #JuniorOilandGas #CashFlow #Netback #TapirBlock #SeismicSurvey #InvestorUpdate

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