Arrow Exploration doubles reserves, unveils major discovery – ICYMI
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Arrow Exploration Corp reported significant growth in its 2024 year-end reserves, with PDP reserves nearly doubling and total proven reserves reaching 5.3 million barrels. The company achieved a 230% reserve replacement ratio, well above industry standards, driven by a major discovery in the Llanos Basin's Ubaque reservoir.
March 21, 2025 | 9:15 pm
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POSITIVE IMPACT
OTC-listed Arrow Exploration demonstrated strong reserve performance with significant growth in proven developed producing (PDP) reserves and successful exploration in the Llanos Basin.
The substantial reserve growth, high reserve replacement ratio, and successful exploration indicate strong potential for future earnings and asset value appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100