Arrow Exploration Buys Oil-producing Property in Canada

03:29 AM EDT, 08/14/2026 (MT Newswires) -- Arrow Exploration (AXL.L) said Friday it acquired an oil-producing property in Alberta, Canada, from a private company for CA$12.2 million. The property in Thorsby produces 550 barrels of oil equivalent per day, and generated CA$2 million of operating income in the last 12 months. The oil and gas company used existing cash reserves for the purchase.