BEFORE TAX NPV-10 VALUES INCREASED 133 % FOR 1P AND 120 % FOR 2P RESERVES, 1P AND 2P RESERVE REPLACEMENT RATIO WAS 340 % AND 621 % RESPECTIVELYCalgary, Alberta (Newsfile Corp. - March 28, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company") is pleased to announce the results of its 2023 year-end reserves evaluation by Boury Global Energy Consultants Ltd. ("BouryGEC") and an operations update. All reserves volume figures stated .
Highlights: Increased before-tax NPV10 for Proved reserves to U.S.$171 million representing NPV10 of C$1.49 per share.Increased before-tax NPV10 for Proved plus Probable reserves to U.S.$306.
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