Oil Equivalent Mining News

Arrow Exploration Corp.
Arrow Exploration Corp.
AXL
Oil equivalent
Unknown
Resource Estimate

Arrow Provides Operational and Mid Year 2026 Reserves Update

Arrow Exploration Corp. announced a highly positive mid-year 2026 reserves update, reporting significant increases across all categories. Proved Developed Producing (PDP) reserves rose by 62% to 2.9 MMboe, Proved (1P) reserves increased by 110% to 11.4 MMboe, and Proved plus Probable (2P) reserves grew by 82% to 21.4 MMboe. These substantial gains were primarily driven by the discovery of the Icaco field in Colombia and the accretive acquisition of the Thorsby asset in Canada, with strong Net Present Value (NPV-10) figures also reported.

View story
Decimus Oil Corp.
Decimus Oil Corp.
WCSB
Southern Alberta
Resource Estimate

Decimus Announces 2025 Year End Financial Results And Reserves

Decimus Oil Corp. announced its 2025 year-end financial results and reserve evaluation, reporting significant increases in reserve volumes across all categories (PDP up 29%, TP up 18%, TPP up 14%). Despite this, the net present value of these reserves, discounted at 10% before tax, saw substantial declines (PDP down 61%, TP down 18%, TPP down 10%), primarily due to lower commodity prices and higher fixed costs. The company highlighted successful waterflood activities and cost reduction initiatives contributing to the reserve growth.

View story