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Drill Results

Arrow Announces Appraisal Well M-HZ7 Results

By The Northwire Desk — AI Analysis Dec 18, 2025 · 02:01 AXL · 0.235 Arrow Exploration Corp.
AXL · Price

Executive Summary

  • Arrow Exploration reported the spudding, drilling and initial production of the Mateguafa HZ7 well, delivering ~1,694 BOPD gross (847 BOPD net) at a restricted rate with high‑quality oil.
  • Existing wells (M-6 and M-5) continue to produce strong flow rates (≈772 BOPD gross for M-6; ≈800 BOPD gross for M-5 prior to a mandated pressure test).
  • Total corporate production, including the restricted HZ7 output, is now approximately 4,510 boe/d, underscoring rapid development of the Mateguafa Attic field.

Key Details

  • M-HZ7 Well
  • Spud: 22 Nov 2025; reached target depth: 4 Dec 2025.
  • Measured depth: 14,253 ft (TVD 8,440 ft).
  • Horizontal oil pay in Carbonera C9 formation: ≈4,053 ft; porosity ~23%.
  • Net oil pay in Carbonera C7 formation: ≈20 ft TVD.
  • Production at restricted rate (25/128 choke, 30 Hz pump): 1,694 BOPD gross (847 BOPD net), API 30.6°, water cut 4%.

  • ESP installed; testing indicates potential for higher rates in coming weeks.

  • M-6 Well

  • Current production: ≈772 BOPD gross (386 BOPD net) from C7 formation.

  • Water cut 4%; very low initial decline observed.

  • M-5 Well

  • Shut‑in for a 7‑day mandated pressure test; prior to shut‑in produced ≈800 BOPD gross (400 BOPD net) from C9 formation with a 30% water cut.

  • Management expects resumption at similar rates post‑test.

  • M-8 Well

  • Spud: 14 Dec 2025; targeting C7 formation.

  • Anticipated drill & complete time: ~2 weeks; expected production start late December.

  • Forward Drilling Plans

  • After M‑8, Arrow will drill M‑9 as a delineation/water disposal well (final well of the 2025 program).

  • Additional horizontal and vertical development wells planned for Mateguafa before rig relocation to Icaco for first exploration well.

  • Corporate Production

  • Including restricted HZ7 output, total corporate production is ≈4,510 boe/d (excludes M‑5 while shut‑in).

Notable Quotes

“The M-HZ7 well was drilled on time and on budget and initial production has exceeded expectations… The area has definitely turned into another core area for Arrow with the potential for further horizontal drilling development.” – Marshall Abbott, CEO

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted.

Read the original news release →

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