Arrow Exploration Corp.
Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is located on the Tapir block in the Llanos basin.

Source: Arrow Exploration

The well was originally spud on April 25 and reached a total measured depth of 10,000 feet within the Ubaque formation. As previously announced, the well encountered 103 feet of net oil pay (true vertical depth) with most of the pay indicated on logs within the C7, Gacheta, and Ubaque formations.

Testing began May 30, revealing an average production of 613 BOPD of 28.3 API oil at a 46.5% water cut...

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