Arrow Exploration : Releases Updated Corporate Presentation - March 2025

Published: 2025-03-21 11:42:05 ET AXL.V

ARROW

EXPLORATION

Growing & Socially-Responsible

Colombia-Focused Energy

Company

AIM|TSXV : AXL

March 2025

Corporate Presentation

Unless stated otherwise, all dollar figures refer to US dollars

ARROW EXPLORATION CORP. (TSXV | AIM : AXL)

Arrow Exploration

Growing & Socially-Responsible Colombia-Focused Energy Company

Production

13.6

$285

4,500+

Mmboe 2P

million

opportunity rich

boe/d

Corporate

2P Corporate

Colombian

reserves - Year

basins

End 2024(1)

reserves - YE

2024(1)

Committed

Multiple

Seasoned

executive

Drill Ready

to ESG

team and

Prospects

Board

Wells In 2024. No

Wells Planned In

dry holes

2025

USD $22MM

Cash Flowing

2025 $50MM

3 Years of

Current

USD

capex budget

prospect

cash position

$5MM/month

self funded

inventory

no debt

Boury GEC December 31st, 2024 Reserve Report (NPV 10%)

PAGE 2

Corporate Snapshot

10%

-12%

Analyst Coverage Share Ownership

Institutional 33.4%

Retail 19.6%

High Net Worth

18.5%

Askar Alshinbayev

16.81%

Management

Firm

Analyst Name

Auctus Advisors

Stephane Foucaud

Canaccord Genuity

Charlie Sharp

Limited

Haywood Securities

Christopher Jones

Zeus Capital

Daniel Slater

Market at December 31, 2024

$128M USD

$1.02 USD

$19M USD

($170M CAD)

Market Cap

2P NAV/Share (2P + Cash / Shares)

Cash in Bank - December 31

Assets

4,500+ BOE/D

13.62 MBOE

Production

2P Reserves at Dec 31, 2024 (2)

Valuation

1.3X

$15,600

Price/2024E Cash Flow Ops (Auctus)

Ent. Value1/BOED Production

286M

Shares O/S (303M fully-diluted)

$54/bbl USD

YTD 2024 Oil Netbacks

$6.63

Ent. Value1/2023 BOE 2P Reserves

PAGE 3

2025 Budget1

Funded through cash balance and operations cash flow. No external funding sources required.

23 Wells being drilled in 2025 $50 million Capital Program Focus on Production

Alberta Llanos Development

Infrastructure

• Continuation of CN fault

•

Pipeline from the pad CN to RCE pad

• HZ well development

•

Road from CN pad to C, MO and MA pads

RCE Development

•

Water disposal infrastructure

• 4 additional development wells 2025

•

90 square kilometer 3D seismic program

CN Development

• 4 additional development wells 2025

Exploration

• Low Risk Exploration at Mateguafa Attic,

Mateguafa Oueste, Capullo,

2025

Alberta

South 3D

RCE

Mateguafa

CN North HZ

Capullo

Oeste

Attic

Development

Seismic

Development

Exploration

Development

Exploration

1. Subject to change based on market conditions and drilling results

PAGE 4

Seasoned Leadership and Board of Directors

Collectively we have proven success

Company

Area

Production

Return to

Historical

at Exit

Shareholder

(boe/d)

(CAGR)

15+

190+ years

Success

Cougar Hydrocarbons

Canada

3,000

280%

(8X Proven

O&G jurisdictions worked in

Combined management

Executers)

Equatorial Energy

Indonesia

13,000

150%

experience

Sabretooth Energy

Canada

1,700

100%

Board of Directors

Marshall Abbott

P. Gage Jull

Grant Carnie

Anthony Zaidi

Ravi Sharma

Ian Langley

CEO & Director 2,4

Executive Chair 1,3

Senior NED (I) 2*,4

NED (I) 1,3*

NED (I) 2,4*

NED (I) 1*,3

* Denotes Chair

(I) Independent

1. Estimated CAGR in share price during management tenure with previous companies

PAGE 5

Colombian Oil & Gas Industry

Key Takeaways

Attractive Fiscal

Terms

•Favorable fiscal terms introduced in 2003/2004 •Royalties at 8-14%

Favourable

Commodity Pricing

•Higher Brent oil prices, with a $2-$5/bbl differential

Active Industry

Great Infrastructure

•Stable Colombian

•Robust infrastructure

Government

with spare pipeline

•Oil and Gas constitutes

capacity

over 20% of country's

•Export capacity with two

exports

Caribbean port facilities

PAGE 6

Attractive Fiscal Terms1

Still top decile fiscal regime worldwide.

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

USA (Texas)

Colombia

Argentina

Brazil

Bolivia

Canada (Alberta)

Peru

Mexico

Royalty Tax

1. Company analysis

PAGE 7

Asset Overview

Current

Asset

Country

Basin

W.I.

Production Operator

(boe/d, net)

CoreAssets

1. Tapir

Colombia

Llanos

50%(1)

4,200

Arrow(1)

2. Oso Pardo Colombia

MMV

100%

200

Arrow

3. Ombu

Colombia

Putumayo

10%

Emerald

* Expect 280 Boe/d once back online

4. Alberta

Canada

WCSB

100%

100

Arrow &

other

Total

4,500+

Production

1. By way of a private commercial contract with the recognized interest holder before Ecopetrol S.A., Arrow is entitled to receive 50% of the production from the Tapir block.

Colombia

Sedimentary Basins

Middle

Magdalena

Valley 2

Bogota

LLanos

PAGE 8

2023 Year-End Reserves (1)

2024 Update available March 2025 Forecast Price Deck

YEAR

YE 2024 $/bbl

Brent (1)

2025

76.50

2026

78.50

2027

80.00

2028

81.50

2029

83.50

2030

85.17

2031

86.87

2032

88.61

2033

90.38

2034

92.19

2034+

2% per year

RESERVES VOLUMES, MBbls

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

HISTORICAL PDP, 1P AND 2P VOLUMES

PDP 1P 2P

$285 MM

13,620

11,847

$114 MM

7,691

5,805

5,292

3,376

$71 MM

1,317

1,239

2,384

2022

2023

2024

Boury GEC December 31st, 2023 Reserve Report

PAGE 9

Colombian Oil Portfolio

Llanos Basin

ARROW EXPLORATION CORP. (TSXV | AIM : AXL)

Disclaimer

Arrow Exploration Corp. published this content on March 21, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 21, 2025 at 15:41:05.654.