Arrow Exploration Notifies Stakeholders of Canacol’s Creditor Protection

Arrow Exploration Corp. (AIM: AXL) has informed stakeholders about significant developments involving its Non-Executive Director, Ravi Sharma. On November 18, 2025, Canacol Energy Ltd., where Sharma serves as Chief Operating Officer, announced its intention to seek creditor protection from the Court of King’s Bench of Alberta under the Companies’ Creditors Arrangement Act.

Canacol’s Financial Position Under Scrutiny

This move indicates that Canacol is facing substantial financial pressures, prompting the company to pursue a structured process to address its obligations. The court’s involvement suggests that Canacol is seeking a way to reorganize its financial affairs, which could have implications for its operations and stakeholders.

Arrow Exploration, which operates primarily in Colombia through its wholly-owned subsidiary, Arrow Exploration Switzerland GmbH, has a diverse portfolio of oil assets in the region. The company aims to expand its oil production in key Colombian basins, including the Llanos, Middle Magdalena Valley, and Putumayo Basin. These areas are recognized for their potential growth, despite current market challenges.

Arrow’s Strategic Focus and Financial Outlook

Arrow holds a significant interest in the Tapir block, where it is entitled to receive 50% of the production. This arrangement also includes the right to request approval from Ecopetrol S.A. for the assignment of 50% of all rights, interests, and obligations under the Tapir Association Contract. The company is actively working to leverage its high working interests and favorable oil pricing exposure to enhance its operating margins.

The news about Canacol comes at a critical time for Arrow, as it continues to navigate the complexities of the energy market. According to management, the company remains optimistic about its growth strategies, despite external factors such as fluctuating oil prices and the ongoing impacts of global events.

“The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of Arrow,” the company stated. “These include Arrow’s evaluation of its Colombian and Canadian assets, oil and gas prices, and its business plan to expand production.”

Arrow Exploration Corp. is committed to transparency with its investors and stakeholders. The company emphasizes that while expectations are grounded in current assessments, actual results may differ due to various risks and uncertainties inherent in the industry.

For further inquiries, Arrow Exploration’s management can be contacted directly. CEO Marshall Abbott and CFO Joe McFarlane are available for questions regarding the company’s strategy and operations.

As the situation unfolds, Arrow Exploration will continue to update its stakeholders, ensuring that all developments are communicated effectively. The company remains listed on both the AIM market of the London Stock Exchange and the TSX Venture Exchange under the symbol “AXL.”