Arrow Exploration Announces Record Production and IC-HZ9 Well Results

Arrow Exploration Corp. has achieved a record corporate production rate of over 7,000 BOE/D, driven by the performance of the Icaco HZ9 (IC-HZ9) well on the Tapir Block in Colombia. The IC-HZ9 well, which reached a measured depth of 11,630 feet, began production on November 6, 2026, and is currently producing approximately 2,400 BOPD gross (1,200 BOPD net) from the Carbonera C7 formation. The company also reported a cash balance of over US$35 million as of November 1, 2026, and confirmed that it spud the IC-HZ10 well on November 8, 2026, to target the Ubaque formation. Management plans to continue drilling additional horizontal wells at the Icaco field to support near-term production growth.