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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Drill Results

Arrow Announces Exploration Well M-5 Results

By The Northwire Desk — AI Analysis Nov 12, 2025 · 02:01 AXL · 0.215 Arrow Exploration Corp.
AXL · Price

Executive Summary

  • Arrow Exploration reported initial production from the newly spudded Mateguafa 5 (M‑5) well, delivering ~570 BOPD gross (~285 BOPD net) at restrictive test conditions.
  • The well encountered 26 ft of net oil pay in the Guadalupe formation (22% porosity sandstone) and an additional 11 ft in the Carbonera C7 formation, indicating significant upside potential.
  • Arrow announced spudding of Mateguafa 6 (M‑6) on Nov 8 2025 with plans for a horizontal program, and scheduled drilling of M‑7 immediately thereafter; 3D seismic work has identified the Icaco prospect for Q1 2026 drilling.

Key Details

  • M‑5 Well – Drilling & Completion
  • Spud: Oct 24 2025; reached target depth Oct 30 2025.
  • Total measured depth: 10,560 MD ft (9,334 TVD ft).
  • Produced from Guadalupe formation with ~26 ft net oil pay (22% porosity, high resistivity sandstone).

  • ESP installed after perforating; test conditions: 30 Hz pump frequency, 17/128 choke.

  • Initial Production Test (final 72 h)

  • Gross rate ≈ 570 BOPD (net ≈ 285 BOPD).
  • Oil API 31°, water cut 8% (declining trend).

  • Restricted flow; potential for higher rates pending further testing.

  • Additional Intervals

  • Carbonera C7 formation: ~11 ft net oil pay (TVD) – to be tested in future wells.

  • Ubaque and Gacheta formations encountered but not commercial at this location.

  • M‑6 Well

  • Spud: Nov 8 2025.
  • Objective: delineate C7 and Guadalupe formations; develop horizontal well program.

  • Expected drilling, testing, completion timeline: 3–4 weeks from spud.

  • Future Drilling Plan

  • M‑7 to be drilled immediately after M‑6 completion.

  • Icaco prospect (identified by 2025 3D seismic) slated for first drill in mid‑Q1 2026; multiple reservoirs targeted.

  • Corporate Production & Financials

  • Total corporate production (including restricted M‑5 output): ~4,000 boe/d, aligning with internal modeling.
  • Cash balance as of Nov 1 2024: US$8.2 million; no debt reported.

Notable Quotes

  • Marshall Abbott, CEO: “Initial production from the M‑5 discovery has exceeded expectations… The Mateguafa Attic discovery is material to Arrow and we are looking forward to the M‑6 and M‑7 results which will further develop this discovery…”

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.

Read the original news release →

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