Arrow Exploration Reports Rising Production Revenue and Earnings After Icaco Discovery

Arrow Exploration posted stronger Q1 2026 results on 27 May, with production, revenue and earnings all higher following the post-period Icaco-1 discovery. The well was placed on production 15 May, lifting gross corporate output to approximately 5,100 boe/d. Icaco-1 encountered multiple pay zones and flowed up to 735 bopd gross during clean-up before stabilizing at a restricted 628 bopd. The company spudded the Icaco-2 appraisal well on 18 May and plans further drilling through Q3 if results remain positive, supporting the improved financial performance and cash position.