--- title: "Arrow Exploration hits record 7,000 boe/d production" publisher: "Share Talk" author: "sharetalk" published: "2026-11-12T11:46:02+00:00" modified: "2026-11-12T11:46:02+00:00" date: 2026-11-12 canonical: "https://www.share-talk.com/arrow-exploration-hits-record-7000-boe-d-production/" category: "Energy" categories: ["Energy"] tags: ["Arrow Exploration", "Arrow Exploration Corp", "AXL", "Colombia", "Joe McFarlane", "Llanos Basin", "Marshall Abbott", "RCE-2", "Share Talk", "Tapir block", "Well"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/039ceeb8-9281-4714-a723-df0b528e8491.png?fit=1727%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # Arrow Exploration hits record 7,000 boe/d production **Published:** November 12, 2026 **Author:** sharetalk **Categories:** Energy **Tags:** Arrow Exploration, Arrow Exploration Corp, AXL, Colombia, Joe McFarlane, Llanos Basin, Marshall Abbott, RCE-2, Share Talk, Tapir block, Well **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/039ceeb8-9281-4714-a723-df0b528e8491.png?fit=1727%2C911&quality=80&ssl=1) --- [Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)](https://www.investegate.co.uk/announcement/rns/arrow-exploration-corp-cdi---axl/arrow-announces-ic-hz9-well-results/9871230) has achieved record corporate production exceeding 7,000 barrels of oil equivalent per day (boe/d), following the successful start-up of its Icaco HZ9 horizontal well in Colombia’s Llanos Basin. The company confirmed that **Icaco HZ9 is currently producing approximately 2,400 barrels of oil per day (bopd) gross, equivalent to 1,200 bopd net to Arrow**, from the Carbonera C7 formation on the Tapir Block, where Arrow holds a 50% beneficial interest. The well was spudded on **13 October 2026**, reached total depth on 20 October and commenced production on **6 November**, adding significant new volumes to the company’s output. **Icaco HZ9 was drilled to a measured depth of 11,630 feet**, with a total vertical depth of 6,448 feet, and completed with approximately **950 feet of horizontal pay within the C7 formation**. The well is currently operating at a restricted rate using a **46/128-inch choke and a pump frequency of 37Hz**, producing oil with a gravity of **30° API** and a water cut of approximately **26%**. Arrow said the well remains in its clean-up phase, with its ultimate production rate expected to become clearer during the first several weeks of operations. **The initial 2,400 bopd gross rate is an encouraging early result, but it should not be treated as a sustainable long-term production rate or a reliable indication of ultimate oil recovery.** The addition of Icaco HZ9 has helped push **total corporate production above 7,000 boe/d for the first time**, reflecting the contribution from recent successful drilling across the Icaco field. **Chief Executive Marshall Abbott** described the milestone as an important achievement, highlighting the production performance of the Icaco discovery and the potential of its multiple oil-bearing formations. Abbott said Icaco had exceeded management’s expectations for production rates and estimated ultimate oil recovery, strengthening the company’s confidence in the field’s development potential. **Arrow has already commenced drilling its next well, Icaco HZ10, which was spudded on 8 November 2026.** Unlike HZ9, which targets the Carbonera C7 formation, **Icaco HZ10 is designed to produce from the Ubaque formation**, providing an opportunity to further develop the field’s multiple productive zones. Following completion and start-up of HZ10, Arrow plans to drill additional horizontal wells targeting both the **C7 and Ubaque formations** through the remainder of 2026 and into 2027. The programme reflects management’s strategy of maintaining production growth through systematic development of its existing discoveries while continuing to identify additional exploration opportunities. **Arrow also reported an estimated cash balance exceeding US$35 million as at 1 November 2026**, supported by strong realised oil prices and production revenues. The company said favourable field pricing and the current oil price environment were contributing to its financial position, providing flexibility to pursue further drilling and development. However, the reported cash balance is an estimate rather than a detailed statement of net cash or free cash flow, and future spending will depend on drilling costs, operating performance and commodity prices. **Progress on extending the Tapir Block licence remains another important priority**, with Arrow continuing discussions with Colombian regulatory authorities. Abbott said the company had exceeded its existing work commitments and was engaging with relevant stakeholders to secure the extension. The outcome will be important for the longer-term development of the field, particularly given Arrow’s intention to continue drilling across its established oil-bearing formations. Management also highlighted its exploration record, reporting **five discoveries from an 85% exploration success rate**, which have subsequently generated **55 development wells**. The company believes its prospect inventory provides further opportunities to increase production, although future drilling results and sustained well performance will determine the scale of additional output. **For Arrow Exploration, reaching more than 7,000 boe/d represents a significant operational milestone**, demonstrating the contribution of its recent Icaco drilling programme. The combination of **strong initial production from Icaco HZ9, ongoing drilling at HZ10 and an estimated cash position above US$35 million** provides a foundation for continued development activity. **The next milestones will be stabilised production results from Icaco HZ9, drilling and completion of Icaco HZ10, and progress towards securing the Tapir Block extension**, as Arrow seeks to build on its record production level through the remainder of 2026 and into 2027. --- **Original URL:** https://www.share-talk.com/arrow-exploration-hits-record-7000-boe-d-production/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*