Arrow Exploration tipped for upside as drill bit keeps turning
Published: 08:22 30 Apr 2025 EDT
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) shares are tipped for substantial upside as its latest results statement showed the success of last year’s drill program, which expanded the Colombia-focused firm’s production profile.
Pitched at 55p, a ‘Buy’ recommendation from Zeus Capital implies more than 200% upside to the current price of 15.7p.
Zues analyst Daniel Slater said, in a note, said the results statement demonstrating the cash generation achievable from Arrow’s assets.
Moreover, it showed the company’s ability to generate free cash flow while still implementing an extensive drilling programme to grow production.
“We expect more of the same over the rest of 2025, with a total 23 well drilling programme currently underway,” Slater said.
The analyst added: “The company has net production of 4.5mboe/d as of early April 2025, and a significant, flexible ongoing drilling programme aimed at supporting and growing this going forward.”
Slater also highlighted Arrow’s history of adding new assets, via acquisition, and, altogether the analyst expects the company to continue to provide regular drilling news flow (and therefore value catalysts) for the stock.
