Northwire Canada EditionFriday, July 10, 2026
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AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%
Earnings Routine +

Arrow Announces 2025 Audited Year End and Q4 2025 Results, Filing of Audited Financial Statements, MD&A and Reserves Report

Arrow Confirms Production Growth and Cash Solvency Despite Impairment Hit

By The Northwire Desk — AI Analysis Apr 29, 2026 · 02:01 AXL · 0.415 Arrow Exploration Corp.
Executive Summary
  • Financial Performance: Arrow Exploration reported FY 2025 net income of $1.4 million, impacted by a significant $7.6 million impairment loss. Adjusted EBITDA was $35 million, down from $48 million in FY 2024. Funds Flow from Operations (FFO) stood at $32 million.
  • Production: Annual average production increased 13% to 4,012 boe/d compared to 2024. Total oil and gas revenue was $70.5 million net of royalties.
  • Cash & Debt: Cash position ended at $11 million (down from $18 million in FY 2024). The company reports no outstanding debt.
  • Capital Expenditures: $43 million invested in 2025, primarily for drilling 16 wells in the Tapir Block and one in Canada.
  • Reserves: Proved plus Probable (2P) reserves are 11,775 Mboe with an NPV @ 10% of US$245 million. Total proved reserves declined slightly YoY (-7%), but 3P reserves increased to 20,102 Mboe.
  • Operational Updates: Four development wells drilled on the Mateguafa Attic field in early 2026. The Icaco-1 exploration well is mobilizing. ANH authorized termination of the COR-39 contract, releasing a $12 million commitment without penalty.
  • Outlook: 2026 work program is fully funded ($24M) targeting up to nine new wells in the Tapir block using cash flow and cash on hand.
Material Impact
  • Confirmation of Trend: The earnings release confirms the operational success detailed in the historical news from November 2025 through March 2026 (Mateguafa Attic drilling results). Production growth was already priced into the stock as it rallied from $0.20 to $0.42 over this period.
  • Impairment Impact: The $7.6 million impairment loss is a non-cash accounting charge that reduced net income but did not impact cash flow or liquidity (FFO remained robust at $32M). This is consistent with reserve re-evaluations following the dry hole in October 2025 and asset optimization.
  • Cash Flow Strength: The release highlights no debt and a funded 2026 program ($24M) using existing cash flow. This reduces financing risk significantly compared to peers requiring equity raises.
  • Contract Termination: The termination of the COR-39 contract saves $12 million in future commitments, which is a positive cash flow enhancement but was anticipated given the constructive discussions mentioned in prior operational updates (March 2026).
  • Verdict: The news is positive but largely expected. It validates the drilling success narrative without introducing new surprises or major strategic shifts. Therefore, it is categorized as Routine - Positive rather than Material.
AXL · Price
Company Overview
  • Company: Arrow Exploration Corp. focuses on oil and gas exploration and production in Colombia (Tapir Block) and Canada.
  • Flagship Project: The Tapir Block in the Llanos Basin, Colombia. Key assets include the Rio Cravo Este, Carrizales Norte, and Mateguafa Attic fields.
  • Development Status: Active drilling program with 16 wells drilled in Tapir during 2025. Mateguafa Attic is transitioning from exploration to development (M-5 through M-HZ7).
  • Reserves: Total Proved + Probable + Possible reserves stand at 20,102 Mboe with an NPV of $473 million.
Read the original news release →

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