Arrow Announces Q3 2025 Interim Results

Core Viewpoint - Arrow Exploration Corp. has reported its Q3 2025 financial results, highlighting significant operational activities and production growth in Colombia, alongside ongoing discussions for regulatory approvals related to its assets [1][2][7]. Financial Highlights - Total oil and natural gas revenue for Q3 2025 was $18.5 million, with a year-to-date (YTD) revenue of $53.9 million [8][9]. - The company recorded a net income of $3.1 million for Q3 2025, with a YTD net income of $4.8 million [9][12]. - Cash balance as of November 1, 2025, was $8.2 million, reflecting significant capital expenditures in Q2 and Q3 [4][8]. - Operating cash flows generated YTD amounted to $25 million [8]. Production and Operational Highlights - Average corporate production for Q3 2025 was 4,214 barrels of oil equivalent per day (boe/d), a 12% increase from Q2 2025 [10][11]. - The company drilled two development wells in Carrizales Norte and one exploration well in Mateguafa Oeste during Q3 2025 [8][10]. - The Mateguafa Attic discovery is expected to become a major production platform, with further drilling planned for Q1 2026 at the Icaco prospect [6][7]. Cost and Pricing Insights - Realized corporate oil operating netbacks were $38.21 per barrel for Q3 2025, down from $52.00 in Q3 2024 [12][13]. - The company experienced a reduction in realized prices for crude oil and natural gas compared to the same period in 2024, with crude oil prices averaging $56.67 per barrel in Q3 2025 [12][15]. - Operating costs decreased significantly in Q3 2025 compared to Q2 2025, attributed to investments in infrastructure [7][15]. Regulatory and Future Plans - Arrow is in discussions with authorities regarding the extension of the Tapir block and the termination of obligations for the COR-39 Block [5][7]. - The company plans to continue drilling low-risk wells at the Mateguafa Attic pad and prepare for exploratory drilling at the Icaco prospect [9][10].