---
title: "Arrow Exploration – Spudding of Carrizales Note – 1"
publisher: "Share Talk"
author: "sharetalk"
published: "2023-05-04T09:29:20+00:00"
modified: "2023-05-04T09:29:20+00:00"
date: 2023-05-04
canonical: "https://www.share-talk.com/arrow-exploration-spudding-of-carrizales-note-1/"
category: "Energy"
categories: ["Energy"]
tags: ["Arrow Exploration", "AXL", "Colombia", "Llanos Basin", "Marshall Abbott", "RCE-2", "Share Talk", "Tapir block", "Well"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Arrow Exploration – Spudding of Carrizales Note – 1

**Published:** May 4, 2023
**Author:** sharetalk
**Categories:** Energy
**Tags:** Arrow Exploration, AXL, Colombia, Llanos Basin, Marshall Abbott, RCE-2, Share Talk, Tapir block, Well
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

---

**Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)**, a high-growth operator with a diverse portfolio of assets in key Colombian hydrocarbon basins, announces that it has initiated drilling of the Carrizales Norte-1 (“CN-1”) well on the Tapir Block in the Llanos Basin of Colombia using the contracted Petroworks rig.

The well aims to target a sizeable, three-way fault-bounded structure containing multiple high-quality reservoir objectives. The well will be drilled to a measured depth of 9,205 feet (8,555 feet True Vertical Depth).

**Marshall Abbott, CEO of Arrow, remarked**, “We are delighted to commence drilling the first well at Carrizales Norte on the Tapir Block. The success of this well could lead to increased production, additional reserves, and a new core area for Arrow. If CN-1 proves to be commercially viable, the rig will immediately move to drill CN-2, which is anticipated to begin in early June.”

The CN-1 well’s drilling is expected to reach the target depth by mid-May, followed by completion and testing. Testing is estimated to take roughly five days per zone.

The Company will continue to share further updates on the CN-1 well as necessary.

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