Arrow Exploration says it's had its “best quarter yet"

Energy Oil & Gas Written by: Jamie Ashcroft 13:17 Thu 27 Aug 2026 --> Proactive has a commercial relationship with Arrow Exploration Corp. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Arrow Exploration Corp ( TSX-V:AXL AIM:AXL OTC:CSTPF ) View Price & Profile Arrow Exploration says it's had its “best quarter yet" Last updated: 13:17 27 Aug 2026 EDT, First published: 07:17 27 Aug 2026 EDT Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said its second quarter was its “best quarter yet”, with adjusted EBITDA rising 300% year on year to US$25.1 million as revenue more than doubled. Revenue net of royalties increased 116% to US$34.2 million, while average production climbed 30% to 4,902 barrels of oil equivalent per day and was 4% higher than the first quarter. Growth was driven by additional volumes from the Mateguafa Attic and newly discovered Icaco fields in Colombia’s Tapir block. Corporate operating netback rose to US$63.42 per barrel of oil equivalent from US$27.36 a year earlier, helped by higher crude prices and lower operating costs per barrel. Net income reached US$10.4 million compared with a US$0.9 million loss a year earlier, while operating cash flow totalled US$15.7 million. Arrow finished June with US$28.5 million of cash and no debt. Since quarter-end, it has acquired a 100% working interest in the producing Thorsby field in Alberta for C$12.15 million, around US$8.9 million, funded from cash reserves, and continued development drilling at Icaco. The company said its focus for the remainder of 2026 will be further Icaco drilling and well recompletions. It is also continuing discussions with authorities over an extension to the Tapir block. Canadian-liseted shares of Arrow were up 6% on Thursday afternoon. Continue reading