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Arrow Exploration sells interest in VMM-2 block in Colombia

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Toronto-listed Arrow Exploration is selling interests in assets in the Gran Tierra Energy-operated VMM-2 block located within Colombia’s Middle Magdalena Basin. The $5 million deal will see Arrow divest 20% WI in the shallow section and 46.9% WI in the deeper section of the block. Working interest production from the assets is 85 boe/d, while gross production is 160 boe/d. Arrow retains 20% WI in both the shallow section and deeper section of VMM-2......
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