Northwire Canada EditionWednesday, July 22, 2026
Sign inSubscribe
Northwire
⌕
CTV 0.110 −4.3% III 7.58 +5.3% NAM 0.240 −2.0% MOG 0.540 +8.0% LUG 79.10 +2.9% TWR 0.165 +3.1% LALI 0.050 +0.0% NFG 2.02 +3.1% APMI 0.145 +0.0% CDE 21.58 +8.3% NVLH 0.075 −11.8% PHNM 0.345 +4.5% AEC 6.71 +11.5% IAU 1.90 +7.3% LOD 0.295 +0.0% FVL 0.990 +8.8% CTV 0.110 −4.3% III 7.58 +5.3% NAM 0.240 −2.0% MOG 0.540 +8.0% LUG 79.10 +2.9% TWR 0.165 +3.1% LALI 0.050 +0.0% NFG 2.02 +3.1% APMI 0.145 +0.0% CDE 21.58 +8.3% NVLH 0.075 −11.8% PHNM 0.345 +4.5% AEC 6.71 +11.5% IAU 1.90 +7.3% LOD 0.295 +0.0% FVL 0.990 +8.8%
Production / Operations

Arrow Announces Q3 2025 Interim Results

By The Northwire Desk — AI Analysis Nov 27, 2025 · 02:01 AXL · 0.225 Arrow Exploration Corp.
AXL · Price

Executive Summary

  • Arrow Exploration filed its unaudited Q3 2025 interim consolidated financial statements and MD&A, reporting net income of $3.09 M for the quarter and a cash balance of $6.37 M (up to $8.2 M after month‑end).
  • Production increased to an average 4,214 boe/d, with oil operating netbacks of $38.21/bbl and total revenue of $18.5 M (net of royalties).
  • The company drilled two development wells in Carrizales Norte, an exploration well in Mateguafa Oeste, and spudded the M‑HZ7 horizontal well; further drilling is planned for Q1 2026 at Icaco.

Key Details

  • Financial Highlights (Q3 2025)
  • Total oil & gas revenue: $18,543,974
  • Funds flow from operations: $9,374,301
  • Net income: $3,089,684 (basic $0.01/share)
  • Adjusted EBITDA: $10,843,377
  • Capital expenditures: $9,287,571 (primarily drilling & infrastructure)

  • Cash & cash equivalents at quarter‑end: $6,370,539; cash balance on Nov 1 2025: US$8.2 M

  • Production Metrics

  • Average corporate production: 4,214 boe/d (Q3 2024: 4,124 boe/d)
  • Crude oil: 3,990 bbl/d; Natural gas: 1,306 Mcf/d

  • Oil operating netback: $38.21/bbl (down from $52.00 in Q3 2024)

  • Drilling & Development Activity

  • Q3 2025: Drilled two development wells in Carrizales Norte (Tapir block) and one exploration well in Mateguafa Oeste.
  • Post‑period: Completed M‑5 and M‑6 wells at Mateguafa Attic; spudded horizontal well M‑HZ7 (expected production start mid‑Dec 2025).

  • Upcoming: Additional well at Mateguafa Attic and civil works for first Icaco exploration well slated for Q1 2026.

  • Strategic & Regulatory Updates

  • Ongoing discussions with authorities to extend the Tapir block; Arrow believes all extension requirements have been met.

  • Negotiations underway to terminate obligations on the suspended COR‑39 Block license (inactive since Nov 2017).

  • Operating Results Commentary

  • Production growth driven by new wells in Alberta Llanos and Rio Cravo Este fields.
  • Operating netbacks pressured by higher water production and lower commodity prices; however, cash flow remains robust.

Notable Quotes

“The third quarter of 2025 has been very busy for Arrow… The Mateguafa Attic discovery could become a major production platform and have a material impact on the Company…” – Marshall Abbott, CEO

“We continue to work with regulatory authorities on the Tapir block extension; discussions are progressing positively.” – Marshall Abbott, CEO

Read the original news release →

More from Arrow Exploration Corp.

Jun 17, 2026 · 02:01

Arrow Announces Exploration Well IC-2 Results

Drill Results May 27, 2026 · 02:01

Arrow’s Q1 earnings cement a 5,000‑boe/d production floor, but the real catalyst – Icaco’s areal extent – still hangs in the balance.

Earnings May 26, 2026 · 02:01

Arrow’s Icaco Discovery Hits Paydirt, Lifting Output Past 5,100 boe/d and Proving Up a Third Core Area on the Tapir Block

Drill Results May 13, 2026 · 02:01

Arrow’s Icaco exploration logs show three hydrocarbon zones, but production testing holds the key to proving a material new discovery.

Drill Results May 08, 2026 · 02:01

Arrow Exploration Corp.

Production / Operations Apr 29, 2026 · 02:01

Arrow Confirms Production Growth and Cash Solvency Despite Impairment Hit

Earnings