Arrow Exploration Corp. Corporate Update – 22 October 2026
Market Performance
- Arrow Exploration (AXL.L) closed the 24‑hour trading period ending 11:20 AM CET unchanged (0 % change).
- Current trading price: CAD 0.71 per share.
- Outstanding shares: 285.9 million.
- Market capitalization: CAD 208.7 million.
- Total value traded in the last 24 hours: CAD 221.9 k.
- Since the close of the previous month, the stock has risen 7.58 %.
- 200‑day simple moving average: CAD 0.46.
- 52‑week high: CAD 0.73 (22 September 2026).
- 52‑week low: CAD 0.20 (20 November 2025).
Recent Production Milestone Arrow Exploration reported that the Icaco field on the Tapir Block has reached a production level exceeding 6,500 barrels of oil equivalent per day.
- The milestone follows the commissioning of wells IC‑8 and IC‑7, which now operate from multiple zones at restricted rates while cleaning continues.
- Well IC‑HZ9, a recent horizontal completion, has confirmed significant oil pay in the Carbonera reservoir.
- The company’s cash position remains strong, enabling continued drilling and work‑over activities.
Strategic Outlook
- Arrow is engaged in discussions with regulatory authorities concerning a potential extension of the Tapir Block.
- Management maintains confidence that production can expand from the current portfolio of high‑potential assets.
Peer Activity – 24‑Hour Summary
| Stock | 24‑hr Change | Current Price | Market Cap | Notes |
|---|---|---|---|---|
| Power Metallic Mines (PNPN.V) | 0 % | CAD 0.93 | CAD 242.3 M | Flat |
| Reconnaissance Energy Africa (RECO.V) | –1.79 % | CAD 0.55 | CAD 249.7 M | Decline |
| Mayfair Gold (MFG.V) | +2.05 % | CAD 3.49 | CAD 237.6 M | Rise |
| Stack Capital (STCK.TO) | +2.14 % | CAD 16.24 | CAD 249.3 M | Rise, P/E = 2.78 |
| Medical Facilities (DR.TO) | +0.82 % | CAD 14.70 | CAD 238.3 M | Rise, P/E = 12.66 |
Company Profile Arrow Exploration Corp. is a public junior oil and gas company focused on the acquisition, exploration, and development of oil and gas assets in Colombia and Western Canada. It trades on the TSX Venture Exchange and maintains a website at www.arrowexploration.ca .
