Arrow Exploration Corp. (AXL:TSX.V; AXL:LSE) released 2025 audited full-year-end results, as well as Q4 2025 results, the filing of audited financial statements, and its MD&A and Reserves Report on April 29, 2026.
Full-Year 2025 Highlights Include:
- Net income of US$1.4 million, inclusive of an impairment loss of US$7.6 million (FY: 2024: US$13.1 million).
- Total oil and gas revenue of US$70.5 million, net of royalties (2024: US$73.7 million)
- Cash position of US$11 million at the end of 2025 (2024: US$18 million). No outstanding debt.
- Adjusted EBITDA of US$35 million (FY 2024: US$48 million), with Q4 2025 EBITDA of US$6.3 million (Q4 2024: US$13.3 million)
- Funds flow from operations of US$32 million (FY 2024: US$36 million), with Q4 2025 funds flow from operations of US$9 million (Q4 2024: US$12 million).
- 13% increase in annual average production to 4,012 boe/d (2024: 3,542 boe/d)
- Successfully drilled 14 development wells at its different fields in the Tapir block, including Rio Cravo Este (RCE), Carrizales Norte (CN), and Alberta Llanos (AB), which contributed to maintaining the company's production levels.
- Drilled a successful exploratory well on the Mateguafa Attic (M) field in the Tapir block, followed by drilling of three development wells, including one horizontal well (M-HZ7). One well was drilled in Canada.
- All operations were delivered safely, with no accidents or environmental incidents.
- The Company has drilled four development wells on the Mateguafa Attic field in the Tapir Block, including the Mateguafa 12 (M-HZ12) horizontal well.
- Mateguafa HZ12 (M-HZ12) is on production and cleaning up.
- Currently mobilizing the drilling rig to the Icaco pad to start drilling the Icaco-1 exploration well.
- Received authorization from the Agencia Nacional de Hidrocarburos (ANH) to terminate the COR-39 exploration and production contract, which included release of a US$12 million commitment.
The CEO of Arrow Exploration Corp., Marshall Abbott, said in the release: "Arrow's continued drilling success in 2025 has solidified the production and cashflow base, which enables the Company to maintain a constructive low-risk drilling pace. The company sustained increased production, revenue, and EBITDA that, along with a robust balance sheet, support the capital program planned for 2026. Core strategy remains maintaining a disciplined approach to capital allocation. This allows Arrow to grow production while maintaining positive cash flow and a growing cash position. Today's strong results show clear success in our operating strategy. Arrow is confident in continuing to successfully pursue the scope and repeatability that the Colombian Tapir Block offers. The company's focus remains on growing production and cash flow that will strengthen valuation and afford greater optionality in pursuing additional opportunities."
Abbott went on to say, "Arrow continues to have a strong balance sheet with no debt. The funds for the 2026 capital operations are expected to come from operating cash flow and cash reserves. The Arrow team continues to strive towards growth, operational excellence, and increasing shareholder value."
The company's 2025 Reserves Highlights Include:
- 1,801 Mboe of Proved Developed Producing Reserves
- 5,415 Mboe of Proved Reserves
- 11,775 Mboe of Proved plus Probable Reserves
- 20,102 Mboe of Proved plus Probable plus Possible Reserves
- 1P Reserves estimated net present value before income taxes of US$96 million, calculated at a 10% discount rate
- 2P Reserves estimated net present value before income taxes of US$245 million, calculated at a 10% discount rate
- 3P Reserves estimated net present value before income taxes of US$473 million, calculated at a 10% discount rate
Full results will be posted on Arrow's website and can be found here.
Arrow Exploration Corp. is a Canada-based oil exploration company focused on projects in Colombia.
Oil Prices Projected to Stay High in Near-Term
Oil prices have spiked from US$60 per barrel at the beginning of 2026 to US$120 as of May 1, 2026. Continuing conflict between the U.S. and Iran, leading to the closure of the Strait of Hormuz, has restricted oil availability in the U.S.
In an article for Stockhead on May 1, 2026, Nigel Green discussed his belief that prices may eventually go down, but the underlying market for oil will likely remain unchanged. "What matters now is not whether oil trades at US$120, US$100, or lower over the coming weeks. What matters is that a central assumption has broken. Energy flows are no longer treated as a given. They're part of a negotiation, and that reality is now embedded in pricing," Green wrote before going on to say, "Even if oil falls back from US$120, it's unlikely to be priced as though this route is stable and predictable. That shift is already influencing expectations."
Tsvetana Paraskova for Oilprice.com reported on May 1 that Iran has threatened prices of up to US$140 if Trump does not stop the blockade. Paraskova quoted Bagher Galibaf, the Speaker of Iran's Parliament, saying, "The U.S. Administration is getting 'junk advice' from people like [Treasury Secretary] Bessent, who also push the blockade theory and cranked oil up to $120+. Next stop:140.'"
Streetwise Ownership Overview*
Arrow Exploration Corp. (AXL:TSX.V; AXL:LSE)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 10/05/18 | FRK | 8.5 | AXL | 1 |
| 08/11/16 | SE | 1 | FRK | 1 |
| 10/29/14 | DEI | 40 | SE | 1 |
| 08/30/10 | CPP | 1 | DEI | 1 |
| 11/02/04 | CPP.H | 1 | CPP | 1 |
| 02/16/04 | CPP.P | 1 | CPP.H | 1 |
| 11/26/02 | CPP | 1 | CPP.P | 1 |
However, Iran sent an updated peace proposal to Pakistan, which is acting as a mediator between the U.S. and Iran during the conflict, today. The proposal has been delivered to the American government, and President Trump faces a 60-day deadline due to the War Powers Resolution. If Congress does not approve the deployment of troops within the next 60 days, all troops sent under Trump's command will be withdrawn from the conflict.
Analysts Give 'Buy' Rating
According to FactSet:
- On April 29, 2026, Zyes analyst Daniel Slater gave Arrow Exploration a 'Buy' rating, with a CA$0.65 target price.
- On the same day, Canaccord Genuity analyst Charlie Sharp also gave the company a 'Buy' rating, with a CA$0.52 target price.
In an April 29, 2026, research note from Auctus Advisors LLP's Stephane Foucaud, Foucaud gave Arrow Exploration a target price of £0.45, implying a roughly 105% upside from its current £0.22 share price at the time of the report.
Catalyst-Heavy 2026
According to the press release, Arrow Exploration has a fully funded 2026 work program totaling US$24 million dedicated to targeting up to nine new wells in the Tapir block.
The company will also continue discussions with its partner and authorities on the contract extension for the Tapir block. To date, the dialogue has been very constructive, according to the company. Arrow Exploration said that all conditions required for the extension to be granted have been met, and management remains very confident that the extension will be granted.
Arrow Exploration's investor presentation also lists the development of the M. Attic target and the exploration of the Icaco target as focal points of 2026.
Ownership & Share Information1
Arrow Exploration Corp. has a market cap of CA$116.30 million, with 285.86 million shares outstanding. The company's 52-week range is CA$0.20-CA$0.47.
Institutions own 2.53% of shares, while Strategic Investors own 6.64%. Management & Insiders own 20.79% of shares, and the remaining 70.04% of shares are held by Retail.
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Important Disclosures:
- Cori Rupe wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
