Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has provided an update on the drilling activity at Rio Cravo Este (RCE) oil field on the Tapir Block in the Llanos Basin of Colombia, noting that the RCE-4 well was spud on March 1, 2023, and reached total depth on March 8, 2023.

In a statement, Marshall Abbott, CEO of Arrow commented: “RCE-4 was drilled quicker than any other well on the Rio Cravo structure to date. The team’s growing experience with the play is resulting in more efficient operations and lower costs. The log results of RCE-4 are in line with our expectations for the well. This is the fifth well drilled by Arrow on the Tapir block and it has confirmed the continuity of oil-bearing intervals seen in adjacent wells.