09:31 AM EST - Arrow Exploration Corp. : Provided an operations update including its 2023 capital budget, and changes in total voting rights (TVR). The contracted 1,500 HP drilling rig has arrived at the multiwell pad at Rio Cravo Este (RCE). Arrow is poised to spud the first of three low risk infill wells, RCE-3, within the next five days. These wells are expected to take 12 days to drill and a further 10 days to bring on-stream. Arrow expects RCE-4 and RCE-5 will be drilled immediately following RCE-3. As previously reported, these infill wells have similar productivity potential to RCE-2 and RCS-1 which are currently producing 850 BOPD net combined, well above forecasted rates. Arrow Exploration Corp.
shares V.AXL are trading unchanged at $0.30.
