Arrow Exploration Reaches Target Depth for Alberta Llanos-1 Well
Why we think this is neutral
The RNS provides an operational update on the drilling of an exploration well, but does not contain any financial or trading performance details. There is insufficient information to assess the potential impact on the company's share price or valuation.
Key Points
- Reached target depth on Alberta Llanos-1 exploration well
- Well encountered four main hydrocarbon bearing reservoirs
- Company plans to start production testing soon
Summary
The oil and gas company announces it has reached target depth on an exploration well in Colombia, with plans to start production testing soon.
Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) has reached target depth on the Alberta Llanos-1 ("AB-1") exploration well on the Tapir Block in the Llanos Basin of Colombia. The well encountered four main hydrocarbon bearing reservoirs and the company intends to start production testing shortly. No further financial or operational details were provided.
OPERATIONS UPDATE