Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to share the company’s robust first-quarter performance, marked by a 36% year-over-year increase in total oil and gas revenue, reaching US$19.51 million.
First-quarter earnings rose 15% to US$11.53 million, with net income of US$2.66 million, reflecting the company’s continued success in expanding production and operational efficiencies at its Colombian assets.
Abbott noted that operating cash flow totaled US$14.43 million, and Arrow exited the quarter with a strong cash position of US$24.95 million, even after US$11.38 million in capital expenditures. These investments supported the drilling of two new horizontal development wells—AB 2 and AB 3—in the Alberta Llanos field, as well as the completion of a 90 km² seismic survey on the southeast Tapir Block.
The company has also made significant infrastructure progress, building a new road system linking the Carrizales Norte pad with the Capullo, Mateguafa Oeste, and Mateguafa Attic pads, which will serve as critical hubs for Arrow’s 2025 drilling campaign.
Importantly, a second rig has been secured, and the first of four planned wells at Rio Cravo Este (RCE) is expected to be spudded in early June. Abbott emphasized that despite global oil price volatility, Arrow maintains “very healthy netbacks”, underscoring the company’s resilience and operational efficiency.
Looking ahead, Arrow’s strategic focus remains on growing production through ongoing development at Carrizales Norte, RCE, and Alberta Llanos, while also pursuing low-risk exploration opportunities across its Tapir Block.
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