Arrow Exploration Says RCE-2 Well Logs 80ft of Net Pay

(Arrow Exploration, 19.Apr.2022) — Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) announced a further update on the Rio Cravo Este-2 well (“RCE-2 well”) on the Tapir Block in the Llanos Basin of Colombia.

The RCE-2 well was spud on 2 April 2022. The well is targeting a large, three-way fault-bounded structure with multiple high-quality reservoir objectives.

As of 14 April, the RCE-2 well was successfully drilled to a total depth of 9,674 feet (True Vertical Depth) and penetrated targeted formations at optimal structural elevations. Cumulative net pay approaches 80 feet over five separate known producing horizons.

The casing of the well was completed on 18 April, and cementing is expected to be completed on 20 April, followed by a thorough production testing program. Testing is expected to take approximately five days per zone.

Marshall Abbott, CEO of Arrow commented: “from the data we have, several of the pay zones are attractive and like the RCE-1 well, we believe more than one pay zone will be productive.”