Arrow Exploration sees upgrade to oil reserves
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Arrow Exploration Corp has announced a significant 92% increase in its Proved Developed Producing (PDP) reserves, now valued at $71.3 million, following successful horizontal well drilling in Colombia.
March 13, 2025 | 8:30 am
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Arrow Exploration Corp has significantly increased its Proved Developed Producing reserves by 92%, now valued at $71.3 million, due to successful drilling in Colombia.
The 92% increase in PDP reserves is a substantial development for Arrow Exploration, indicating successful operations and potential for increased future revenues. This positive news is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100