Arrow Exploration 'very encouraged' by initial production of RCE-4 well on Tapir Block
Vancouver
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March 23, 2023 01:21 PM Eastern Daylight Time
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) Marshall CEO Abbott joined Proactive's Stephen Gunnion with an update on the company's drilling activity at Rio Cravo Este (RCE) on the Tapir Block in the Llanos Basin of Colombia.
Abbott says the company is very encouraged by the initial production of RCE-4, the fifth well on the Tapir block, with the RCE-4 and RCE-3 wells currently flowing better than expected.
The continued strong production rates from existing tied-in wells, combined with the encouraging results from new wells in Colombia, continue to provide the company with confidence that its objective of achieving a production rate of 3,000 boe/d within 18 months of its AIM listing can be achieved, he said.
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