Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)（“Arrow”或“公司”）是一家高增长运营商，其资产组合遍布哥伦比亚主要的碳氢化合物盆地，该公司很高兴提供其在哥伦比亚 Llanos 盆地 Tapir 区块近期运营活动的最新情况，Arrow 拥有该区块 50% 的受益权益。

亮点
- Arrow 目前的净产量在 4,600 至 4,800 桶油当量/天之间。 -
迄今为止，第二季度和第三季度已钻 2 口水平井和 2 口垂直井。o
AB HZ5 于 2025 年 7 月 2 日投产，目前总产量为 1,790 桶油当量（净产量 895 桶油当量）。o
AB HZ4 于 2025 年 6 月 11 日投产，目前总产量为 880 桶油当量（净产量 440 桶油当量）。
o RCE9 垂直井于 2025 年 6 月 23 日投产，目前总产量为 201 桶/天（净产量 100.5 桶/天）。o
CN11 垂直井于 2025 年 4 月 17 日投产，目前总产量为 143 桶/天（净产量 72.5 桶/天）。-

资产负债表强劲，无债务或钻井承诺。Arrow 的工作计划灵活，并正在积极探索潜在的收购机会。

产量
目前，公司总产量在 4,600 至 4,800 桶/天净产量之间。Arrow 的基础产量已趋于平稳，并且正如预期的那样，产量下降幅度有所减缓。由于 Arrow 专注于加速钻井计划，预计下半年将增加产量。鉴于近期油价走势和当前市场波动，Arrow 有能力在加密井和开发井的钻探与低风险勘探活动之间取得平衡，这有可能增加 Arrow 的储量基础并建立钻井库存。

现金余额

截至2025年7月1日，公司现金余额为1,350万美元，且无任何债务。此外，公司无任何长期钻井合同或钻井义务。公司在保持稳健资产负债表的同时，还能够加快钻井计划的实施。

在动荡的市场环境下，资产负债表上的现金和强劲的运营现金流仍然是公司的关键优势。

钻井作业——Tapir区块
Carrizales Norte油田
在Carrizales Norte油田，公司近期在CN平台钻探了一口垂直生产井。Carrizales

Norte 11井（CN 11）于2025年4月2日开钻，并于2025年4月8日达到目标深度。

CN 11 的目标是 Carrizales Norte 油田的 C7 区。该井总测量深度为 8371 MD 英尺（7798 英尺真实垂直深度），并遇到了多个含油气层段。2025

年 4 月 17 日，Arrow 将 CN 11 井投入 C7 地层生产，该地层含有约 11 英尺（真实垂直深度）的含油砂岩。该井初始含水率高达 73%。CN 11 的产量稳定在 143 桶/天总产量（72.5 桶/天净产量），含水率为 88%。Alberta

Llanos 油田
在 Alberta Llanos 油田，公司最近在 Alberta, Llanos 平台按时并在预算之内钻了两口水平生产井。Arrow 在该地区钻水平井的经验提高了油田的效率。

阿尔伯塔省亚诺斯 HZ4 井（AB HZ4）于 2025 年 5 月 11 日开钻，并于 2025 年 6 月 5 日达到目标深度。AB HZ4 井的目标层位为阿尔伯塔省亚诺斯油田的乌巴克 (Ubaque) 层段。该井总测深 13687 米深度英尺（真垂深 8558 英尺），并钻遇多个含油气层段。该井采用流入控制装置 (ICD) 完井。

2025年6月11日，Arrow公司在Ubaque地层投产了AB HZ4井，该地层含油砂岩厚度约为2837英尺（实测深度）。AB HZ4的产量稳定在880桶/天（净产量440桶/天），含水率为19%。Alberta

Llanos HZ5（AB HZ5）水平井于2025年6月12日开钻，并于2025年6月23日达到目标深度。AB HZ5的目标是Alberta Llanosfield的Ubaque区。该井总实测深度为12188米英尺（真实垂直深度8556英尺），并钻遇多个含油气层段。该井采用嵌入式钻具完井。

2025 年 7 月 2 日，Arrow 在 Ubaque 地层投入 AB HZ5 井生产，该地层含有约 1813 英尺（测量深度）的含油砂岩。AB HZ5 的产量稳定在 1790 桶/天总产量（895 桶/天净产量），含水率为 3%。RCE

油田
在 Rio Cravo Este (RCE) 油田，该公司最近从 RCE 平台钻了一口垂直生产井。Rio

Cravo Este 9 (RCE 9) 井于 2025 年 6 月 6 日开钻，并于 2025 年 6 月 14 日达到目标深度。RCE

9 的目标是 Carrizales Norte 油田的 C7 区。该井的总测量深度为 8940 MD 英尺（真实垂直深度 8305 英尺），并遇到多个含油气层段。

2025 年 6 月 23 日，Arrow 在 C7 地层中投产 RCE 9 井，该地层含有约 20 英尺（真实垂直深度）的含油砂岩。该井初始含水率高达 95%。RCE 9 的产量稳定在 201 桶/天总产量（100.5 桶/天净产量），含水率为 88%。

钻井计划
目前，Arrow 有两台钻机在油田作业。

位于 Alberta Llanos 的钻机正在拆卸并转移到 Carrizales Norte 平台，公司计划在那里在 Ubaque 地层钻两口水平井。

位于 Rio Cravo Este 的钻机目前正在 Ubaque 地层钻一口短水平井。这将是 RCE 针对 Ubaque 的第一口水平井。Arrow

正在持续审查董事会最初批准的 5000 万美元预算和钻井计划。Arrow 没有任何使用其他钻机或钻其他井的合同承诺。

Arrow 强劲的资产负债表使公司能够在动荡的油价环境中保持灵活性，如果决定修改其资本计划，公司将另行发布公告。

公司仍在考虑股票回购的时机，并决定关注 2025 年钻探活动的进一步进展。East

Tapir 3-D 地震计划
East Tapir 3-D 计划的初步处理和解释已经完成。East Tapir 3-D 勘测覆盖了另外 100 平方公里，其中 2-D 数据集上的现有线索已被定义为勘探区。新的 3-D 计划进一步支持了 Icaco 和 Macoya 勘探区，Arrow 专注于在 2025 年底或 2026 年初测试 Icaco 勘探区。Arrow

首席执行官 Marshall Abbott 评论道：

“AB HZ5 和 AB HZ4 水平井已在 Alberta Llanos 油田成功开发，产量和压力高于最初预测。这两口井的增值潜力很大，按照目前的油价，预计上半年就能收回成本。这两口水平井的成功验证了Ubaque在Alberta Llanos油田的钻探理念，并已开始规划进一步的开发井。“

East Tapir三维地震项目已发现多个新的勘探前景，包括Icaco和Macoya。这两个勘探前景似乎属于叠置式储层，与RCE和Carriazales Norte油田的储层类似。管理层对为完善这些勘探前景所做的技术工作感到鼓舞，并已启动地面土地收购程序，以便在不久的将来进行测试。”“

我们将继续审查和制定2025年和2026年的钻探计划。我们持续评估市场状况，以找到能够帮助公司提高产量并保持财务实力的开发方案。”“

我们感谢长期股东的支持以及我们优秀员工的奉献精神。”

Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) (“Arrow” or the “Company”), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on recent operational activity on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest.

Highlights
- Current production between 4,600 and 4,800 boe/d net to Arrow.
- 2 horizontal wells and 2 vertical wells drilled in Q2 and Q3 to date.
o AB HZ5 brought on production on July 2, 2025, and currently producing 1,790 BOPD gross (895 BOPD net).
o AB HZ4 brought on production on June 11, 2025, and currently producing 880 BOPD gross (440 BOPD net).
o RCE9 vertical well brought on production on June 23, 2025, and currently producing 201 BOPD gross (100.5 BOPD net).
o CN11 vertical well brought on production on April 17, 2025, and currently producing 143 BOPD gross (72.5 BOPD net).

- Strong balance sheet, no debt or drilling commitments. Arrow has flexibility in its work program and is actively exploring potential acquisition opportunities.

Production
Total corporate production is currently between 4,600 and 4,800 boe/d net. Arrow’s base production has flattened out and is experiencing shallower declines, as expected. Additional production is expected to be added during the second half of the year as Arrow focuses on an accelerated drilling program. In light of the recent movements in oil prices and current market volatility, Arrow has the ability to balance drilling infill and development wells with low-risk exploration activity which has the potential to increase Arrow’s reserve base and build up drilling inventory.

Cash Balance

On July 1, 2025, the Company had a cash balance of US$13.5 million and held no debt. Further, the Company has no long-term rig contracts or obligations to drill wells. The Company has been able to carry out an accelerated drilling program while maintaining a healthy balance sheet.

The combination of cash on the balance sheet and robust operating cashflow continues to be a key corporate strength in this volatile market.

Drilling Operations – Tapir Block
Carrizales Norte field
On the Carrizales Norte field, the Company has recently drilled one vertical production well from the CN pad.

The Carrizales Norte 11 (CN 11) well was spud on April 2, 2025, and reached target depth on April 8, 2025.

CN 11 targeted the C7 zone at Carrizales Norte field. The well was drilled to a total measured depth of 8371 MD feet (7798 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals.

On April 17, 2025, Arrow put the CN 11 well on production in the C7 formation which has approximately 11 feet (true vertical depth) of oil charged sandstone. The well encountered an initial high water cut of 73%. CN 11 is producing at a stabilized rate of 143 BOPD gross (72.5 BOPD net) with a water cut of 88%.

Alberta Llanos field
At the Alberta Llanos field, the Company has recently drilled two horizontal production wells from the Alberta, Llanos pad, both on time and within budget. Arrow’s experience drilling horizontal wells in the area is resulting in improved efficiency in the field.

The Alberta Llanos HZ4 (AB HZ4) horizontal well was spud on May 11, 2025, and reached target depth on June 5, 2025. AB HZ4 targeted the Ubaque zone at the Alberta, Llanos field. The well was drilled to a total measured depth of 13687 MD feet (8558 feet true vertical depth) and encountered multiple hydrocarbonbearing intervals. The well was completed with Inflow Control Devices (ICDs).

On June 11, 2025, Arrow put the AB HZ4 well on production in the Ubaque formation which has approximately 2837 feet (measured depth) of oil charged sandstone. AB HZ4 is producing at a stabilized rate of 880 BOPD gross (440 BOPD net) with a water cut of 19%.

The Alberta Llanos HZ5 (AB HZ5) horizontal well was spud on June 12, 2025, and reached target depth on June 23, 2025. AB HZ5 targeted the Ubaque zone at the Alberta, Llanosfield. The well was drilled to a total measured depth of 12188 MD feet (8556 feet true vertical depth) and encountered multiple hydrocarbonbearing intervals. The well was completed with ICDs.

On July 2, 2025, Arrow put the AB HZ5 well on production in the Ubaque formation which has approximately 1813 feet (measured depth) of oil charged sandstone. AB HZ5 is producing at a stabilized rate of 1790 BOPD gross (895 BOPD net) with a water cut of 3%.

RCE Field
On the Rio Cravo Este (RCE) field, the Company has recently drilled one vertical production well from the RCE pad.

The Rio Cravo Este 9 (RCE 9) well was spud on June 6, 2025, and reached target depth on June 14, 2025.

RCE 9 targeted the C7 zone at Carrizales Norte field. The well was drilled to a total measured depth of 8940 MD feet (8305 feet true vertical depth) and encountered multiple hydrocarbon-bearing intervals.

On June 23, 2025, Arrow put the RCE 9 well on production in the C7 formation which has approximately 20 feet (true vertical depth) of oil charged sandstone. The well encountered an initial high water cut of 95%. RCE 9 is producing at a stabilized rate of 201 BOPD gross (100.5 BOPD net) with a water cut of 88%.

Drilling Schedule
Currently Arrow has two drilling rigs working in the field.

The rig at Alberta Llanos is being disassembled and moved to the Carrizales Norte pad where the Company plans to drill two horizontal wells into the Ubaque formation.

The rig at Rio Cravo Este is currently drilling a short horizontal well into the Ubaque formation. This will be the first horizontal well targeting the Ubaque at RCE.

Arrow is continuously reviewing the original Board-approved $50MM budget and drilling schedule. Arrow does not have any contractual commitments to employ additional rigs or to drill additional wells.

Arrow’s strong balance sheet allows the Company to remain flexible in a volatile oil price environment and the Company will make further announcements should modifications to its capital program be determined.

The Company is still considering the timing of any share buyback, with a decision to follow further progress in the 2025 drilling campaign.

East Tapir 3-D Seismic Program
The initial processing and interpretation of the East Tapir 3-D program has been accomplished. The East Tapir 3-D survey covers a further 100 sq. km where existing leads on the 2-D dataset have been defined as prospects. The Icaco and Macoya prospects are further supported by the new 3-D program and Arrow is focused on testing the Icaco prospect in late 2025 or early 2026.

Marshall Abbott, CEO of Arrow commented:

“The AB HZ5 and AB HZ4 horizontal wells have been successfully developed at the Alberta Llanos field, with rates and pressures higher than originally forecast. Both wells are highly accretive with payback expected in the first six months at current oil prices. The success of these two horizontal wells proves the Ubaque concept at Alberta Llanos and has resulted in further development wells being planned.”

“The East Tapir 3-D seismic program has resulted in a number of new prospects including Icaco and Macoya. These two prospects appear to be stacked reservoirs similar to those found at the RCE and Carriazales Norte fields. Management is encouraged by technical work done to refine these prospects and has started the surface land acquisition process to test these prospects in the near future.”

“Arrow continues to review and develop its drilling schedule for the 2025 and 2026 programs. Market conditions are continuously reviewed to show development options that will allow the company to grow production and remain financially strong.”

“We appreciate the support of our longstanding shareholder base as well as the dedication of our talented staff.”