Arrow Exploration Corp.: Arrow Exploration Announces First Quarter 2021 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - ARROW Exploration Corp. (TSXV: AXL) ("Arrow" or the "Company") is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended March 31
st, 2021, which are available on SEDAR (www.sedar.com). The financial and operating highlights for the quarter include the following:
FINANCIAL AND OPERATING HIGHLIGHTS
Three months ended March 31, 2021
Three months ended March 31, 2020
Total natural gas and crude oil revenues, net of royalties
847,432
(1)
(0.01
(0.01
68,674,602
68,674,602
(2)
Natural gas (Mcf/d)
4
(2)
About ARROW Exploration
Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow's 50% interest in the Tapir Block is contingent on the assignment by Ecopetrol SA of such interest to Arrow. Arrow's seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the TSX Venture Exchange under the symbol "AXL."