Northwire Canada EditionWednesday, July 22, 2026
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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%
Drill Results

Arrow Announces Appraisal Well M-6 Results

By The Northwire Desk — AI Analysis Nov 26, 2025 · 02:01 AXL · 0.215 Arrow Exploration Corp.
AXL · Price

Executive Summary

  • Arrow Exploration spudded and completed the Mateguafa 6 (M‑6) well on schedule, bringing it on production at ~824 BOPD gross (412 BOPD net) with 32° API oil and a low 3% water cut.
  • The M‑6 well intersected multiple hydrocarbon‑bearing intervals: ~18 ft net oil pay in the Carbonera C7 formation, ~30 ft net oil pay in the Carbonera C9 formation, and ~14 ft net oil pay in the Lower Gacheta, indicating significant upside potential.
  • Arrow also reported ongoing production from Mateguafa 5 (≈550 BOPD gross, 275 BOPD net) and announced spudding of the horizontal M‑HZ7 well targeting the C9 zone, with expected drill/completion in 2–3 weeks.

Key Details

  • M‑6 Well – Drilling & Completion
  • Spud: 8 Nov 2025; reached target depth: 15 Nov 2025.
  • Total measured depth: 10,000 MD ft (9,328 ft TVD).
  • Production started at restricted rate (28/128 choke, 45 Hz pump) → ~824 BOPD gross (412 BOPD net).

  • Oil quality: 32° API; water cut: 3% (completion fluid + formation water).

  • Hydrocarbon Intercepts – M‑6

  • Carbonera C7 formation: ~18 ft net oil pay, clean sandstone, 20% porosity, high resistivity.
  • Carbonera C9 formation (formerly Guadalupe): ~30 ft net oil pay.

  • Lower Gacheta: ~14 ft net oil pay.

  • M‑5 Well – Current Production

  • Producing ≈550 BOPD gross (275 BOPD net) from the C9 formation.
  • Water cut: 18%.

  • Formation designation updated to Carbonera C9 after drill‑cutting analysis.

  • M‑HZ7 Horizontal Well – Outlook

  • Spudded 22 Nov 2025; horizontal target is the C9 formation.

  • Expected drilling and completion time: 2–3 weeks; production anticipated in Dec 2025.

  • CEO Commentary (Marshall Abbott)

  • Highlighted on‑time, on‑budget execution of M‑6 and “initial production has exceeded expectations.”

  • Emphasized the materiality of the Mateguafa Attic discovery and future upside from C9 pay zone and upcoming horizontal drilling.

  • Corporate Update

  • Appointment of Hannam & Partners as Joint Corporate Broker alongside Canaccord Genuity and Auctus Advisors.

Notable Quotes

“The M‑6 well was drilled on time and on budget and initial production has exceeded expectations… The discovery will develop into another core area for Arrow with the potential for horizontal drilling development.” – Marshall Abbott, CEO, Arrow Exploration Corp.

Read the original news release →

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