Arrow Exploration buys Thorsby oil property in Alberta for CAD 12.15 million

Reuters2026/08/14 16:14

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Arrow Exploration acquired a 100% working interest in the Thorsby oil property in central Alberta, producing about 550 boepd.
Purchase price set at CAD 12.15 million, funded from cash reserves; Arrow assumes CAD 8.7 million of decommissioning liabilities.
Third-party reserves estimate 1P at 4.97 million boe, 2P at 7.54 million boe; pre-tax NPV10 at CAD 38 million, CAD 71 million.
Asset generated about CAD 2 million of operating income over the past 12 months; low decline rate of about 15%.
Development plan targets the Sparky reservoir with 22 identified drilling locations; expected well cost about CAD 2.2 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arrow Exploration Corp. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Arrow Exploration buys Thorsby oil property in Alberta for CAD 12.15 million

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