Episode Details

Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to discuss the company’s strong first-quarter 2026 financial and operational results, highlighting continued production growth, rising revenues, and ongoing drilling success across its Colombian assets. Abbott said Arrow delivered average corporate production of 4,715 barrels of oil equivalent per day during the quarter, reflecting the company’s continued operational momentum and development progress. The stronger production profile helped drive total oil and natural gas revenue, net of royalties, to $23.5 million for the three months ended March 31, 2026, representing a 21% increase compared with the same period in 2025. The company also reported significant growth in profitability and cash generation. Adjusted EBITDA reached $14.1 million during the quarter, up 22% from approximately $11.5 million reported in the first quarter of 2025. Arrow also achieved strong realized corporate oil operating netbacks of $41.05 per barrel, underscoring the efficiency and profitability of its production base. Abbott noted that Arrow generated operating cash flow of $13.6 million during the quarter and ended Q1 2026 with a solid cash position of $14.2 million. The company additionally reported net income of $5.2 million, reflecting continued financial strength as it advances development activities across its portfolio. Operationally, Arrow continued to expand activity within the Mateguafa Attic field located on the Tapir Block in Colombia. During the quarter, the company successfully drilled three additional development wells in the Mateguafa Attic area, supporting ongoing production growth and reservoir development objectives. Abbott also provided an update regarding the company’s ongoing discussions with Colombian authorities surrounding the extension of the Tapir Block license. He said the company continues to engage constructively with regulators and believes it is well-positioned to secure the extension after satisfying all relevant technical and operational requirements. Arrow indicated it will continue updating the market as discussions progress. In addition, the company recently spud the IC-2 well at its Icaco field, which management expects to place on production within the coming weeks. Following IC-2, Arrow plans to continue drilling additional development wells at Icaco while also carrying out recompletion work on several Mateguafa Attic wells during the second quarter of 2026. Abbott emphasized that the company remains focused on disciplined operational execution, maintaining strong cash flow generation, and expanding production through continued development drilling across its core Colombian assets. #proactiveinvestors #arrowexplorationinc #aim #axl #tsxv #axl #ColombiaEnergy #MarshallAbbott #Mateguafa #LlanosBasin #ColombiaOil #OilProduction #OilAndGas #EnergyNews #ColombiaEnergy #OilProduction #EnergyStocks #Drilling #NaturalGas #OperationalUpdate #CashFlow