Arrow Exploration has reached an agreement with Canacol to acquire much of Canacolâs Colombian assets for USD 40 MM in a cash-and-share deal. It is expected to close by end-July. Concurrently with this, Arrow has agreed to become a wholly-owned subsidiary of Front Range Resources. Each move should close concurrently and completion of either is required for the other to become effective. The Canacol â Arrow deal excludes Canacolâs interest in the Rancho Hermoso block and its unconventional oil portfolio in the Mid-Mag.
Arrow Exploration has reached an agreement with Canacol to acquire much of Canacolâs Colombian assets for USD 40 MM in a cash-and-share deal. It is expected to close by end-July. 