Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 07:54:20 2024-05-01 am EDT			5-day change	1st Jan Change
80.26 ^USD	-1.06%		-3.72%	+12.59%

06:15am	News Highlights : Top Energy News of the Day - Wednesday at 12 AM ET	DJ
05:47am	Ukraine launches drone attacks on several Russian regions, officials say	RE

Arrow Exploration third quarter profit surges as output up

November 29, 2023 at 09:22 am EST

Arrow Exploration Corp - oil and gas company with projects in Colombia and Canada - Pretax profit surges to USD6.7 million in the quarter to September 30, from USD3.1 million a year prior. Revenue jumps 84% to USD15.9 million from USD8.6 million, boosted by oil production, which rises 68% to 2,518 barrels of oil equivalent from 1,503 boe/d. Looking ahead, the company plans to have a USD40 million capital programme including 15 wells in 2024. Chief Executive Officer Marshall Abbott says: "Arrow continues to grow, recording its strongest quarter to date. The 2023 drilling program, including the CN discovery, added significant production and reserves to the company and established a new core area. Additional low risk prospects have been identified using our recently acquired 3D seismic data."

Current stock price: 18.70 pence, up 2.5% on Wednesday

12-month change: up 3.9%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	84.93 USD	-1.12%	-3.89%	-
WTI	80.26 USD	-1.06%	-3.72%	-
EURO / BRITISH POUND	0.8547 GBX	+0.08%	-0.54%	-
US DOLLAR / BRITISH POUND	0.801 GBX	+0.03%	-0.25%	-
CANADIAN DOLLAR / BRITISH POUND	0.5817 GBX	+0.09%	-1.04%	-
AUSTRALIAN DOLLAR / BRITISH POUND	0.5186 GBX	+0.06%	-0.42%	-
ARROW EXPLORATION CORP.	0.36 CAD	-4.00%	-4.00%	74.88M
INDIAN RUPEE / BRITISH POUND	0.009602 GBX	+0.13%	0.00%	-

Latest news about Crude Oil (WTI)

News Highlights : Top Energy News of the Day - Wednesday at 12 AM ET	12:15am	DJ
Ukraine launches drone attacks on several Russian regions, officials say	11:47pm	RE
Condor Energy Completes Regional Seismic Interpretation at Peru License	09:22pm	MT
Australian shares fall as miners and banks drag; Fed in focus	09:11pm	RE
QEM Changes Registered Office	08:47pm	MT
Oil falls for a third day as U.S. crude inventories swell	08:46pm	RE
QEM Names CFO	08:45pm	MT
Cue Energy Resources H1 Revenue Jumps 22% to AU$29.3 Million	07:53pm	MT
Energy Drops With Oil Futures -- Energy Roundup	Apr. 30	DJ
Canada regulator approves final permits for Trans Mountain pipeline expansion	Apr. 30	RE
Yangarra Resources Q1 Profit Drops 39% on Weaker Oil and Gas Prices and Lower Production	Apr. 30	MT
EARNINGS: Anglo-Eastern Plantations lifts dividend; profit falls	Apr. 30	AN
Canada Energy Regulator approves final permits for Trans Mountain expansion project	Apr. 30	RE
Equity Markets Slide Ahead of Fed Rate Decision	Apr. 30	MT
Equity Markets Drop Ahead of Fed Rate Decision	Apr. 30	MT
TSX Down More Than 1% Today and More Than 2% For April, Having Hit Record Highs Earlier In the Month; But Cannabis Stocks Hit a High	Apr. 30	MT
TSX loses monthly winning streak as US rate cut prospects ebb	Apr. 30	RE
News Highlights : Top Energy News of the Day - Tuesday at 4 PM ET	Apr. 30	DJ
US Equity Markets Close Down Tuesday After Higher Wage Data	Apr. 30	MT
Diamondback Energy beats first quarter profit estimates on higher production	Apr. 30	RE
Equity Markets Down Ahead of Amazon Earnings	Apr. 30	MT
Sector Update: Energy Stocks Slide in Late Tuesday Afternoon Trading	Apr. 30	MT
Sector Update: Energy	Apr. 30	MT
Equity Markets Fall Intraday as Traders Parse Earnings, Await Amazon Results	Apr. 30	MT
June WTI Crude Oil Contract Closes Down US$0.70; Settles at US$81.93 per Barrel	Apr. 30	MT