Arrow Exploration Corp has reached a record production level of over 6,500 barrels of oil equivalent per day at its Icaco field in Colombia, driven by two new wells, IC-8 and IC-7, contributing a combined 1,452 barrels of oil per day gross. The wells are on the Tapir Block, where Arrow holds a 50% interest. The company also completed drilling its first horizontal well targeting the Carbonera reservoir, identifying 950 feet of horizontal oil pay. With a cash balance of over US$28 million, Arrow plans to continue drilling and is seeking to extend its Tapir Block license with Colombian regulators.
Arrow Exploration's record production milestone provides context for energy sector performance. For readers following energy stocks, here is Pluang's market snapshot as of Oct 22, 2026 12:21 WIB: out of 79 priced US energy stocks, 52 rose and 26 fell. Among notable movers, INDO rose 3.59% to USD 2.60 with a typical hold time of 25 days and a balanced Pluang order activity of 48% Sell / 52% Buy, VAL increased 3.44% to USD 91.39 with a 7-day hold time, and KGS gained 3.42% to USD 49.05 with a 13-day hold time.
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