Arrow Exploration (AXL) Corporate presentation summary

Business overview

• Focused on exploration, development, and production in Colombia, with five major discoveries and over 215 km² of 3D seismic acquired across two contracts.

• Operates five producing zones and has drilled 47 wells, including 10% of all wells in Colombia in 2024 (excluding Ecopetrol).

• Employs over 5,000 local community members and implements multiple environmental initiatives.

Financial and operational highlights

• Market cap of $95 million (June 30, 2026), with $27 million cash and no debt.

• Q1 2026 production exceeded 5,000 BOE/d, with netbacks of $42.82/bbl at Brent $81.

• 2025 2P reserves stand at 11.78 MMbbl, and Q1 2026 revenue net of royalties was $23.5 million.

• Prepayment facility provides up to $20 million in year one and $15 million in year two for growth flexibility.

Asset portfolio and development

• Core assets include Tapir (Llanos Basin, 50% WI), Santa Isabel (MMV, 100% WI), Alberta (WCSB, 10% WI), and Ombu (Putumayo, 100% WI).

• Tapir Block features multiple producing fields (Icaco, Carrizales Norte, RCE, Alberta, Mateguafa) and significant exploration upside.

• Tapir contract expires in 2028, with two five-year extension options; all extension obligations have been fulfilled.