Arrow Exploration Corp. Announces Spudding of the Danes-1 Exploration Well

Source Press Release
Company Arrow Exploration Corp. 
Tags Upstream Activities, Strategy - Upstream, Strategy - Corporate
Date October 25, 2018

ARROW Exploration Corp. ("Arrow" or the "Company") (TSXV: AXL), a company headquartered in Calgary, Alberta and its wholly-owned subsidiary Carrao Energy, is pleased to announce that the Company's Danes-1 exploration well on the Llanos-23 Block in Colombia has been spud. The Danes-1 well is targeting a faulted 3-way structural dip closure that was delineated by a previously shot 3D seismic program on the block.

The Danes-1 well is expected to take up to 25 days to drill and is anticipated to intersect multiple pay zones in an area that is known for stacked pay. If successful, it is anticipated that the well will be completed and tied-in very quickly to the nearby gathering system on the Llanos-23 Block which connects the Company's other producing fields to the 100%-owned Pointer processing facility.

"We are excited to be drilling an exploration well so soon after closing our reverse takeover transaction" said President & CEO Gary Wine. "The Danes prospect is on the main fault trend on the Llanos-23 Block and is just north of the producing Labrador field and is the first of many operations that Arrow has planned over the next six months."

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