Who We Are
Our Mission: Exploit the Energy Potential of Hot Dry Rock
The mission of Arrow Geothermal is to exploit the potential of Hot Dry Rock (HDR) globally. HDR contains enough energy to supply electricity for the entire world. The key to exploiting HDR technology to drill and produce the hottest horizontal geothermal wells in the world.
We will provide baseload electricity to enable the economic transition to a carbonless future.
Our Vision: Novel High Temperature Drilling and Completion Technology
The future of energy is clean, carbon-free energy that provides baseline electricity. Geothermal power is the only source of green energy that can economically fulfill that vision. Traditional geothermal harvests energy by pumping water from a high-temperature reservoir. Geothermal has been limited to the few pristine resources around the world that provide high energy density and long-term power. These sites often have water issues over time, and the energy output declines every year. It is estimated that 75% of the geothermal sites operate at less than 65% of their nameplate capacity.
Arrow Geothermal has developed novel drilling and completion technology that enables horizontal high-temperature geothermal wells.
Horizontal wells enable higher connectivity with hot formations as the best combination of temperature and permeability can be selected. They also form the best platform for increasing contact/conductivity to the formation. Higher temperatures, higher pressure, positive hydraulics, expanded formation contact, and larger wellbores contribute to wells that produce 3X - 10X more energy than traditional wells.
Arrow Geothermal Management Team
Mark Andreychuk
CEO, Co-Founder
Mark Andreychuk
CEO, Co-Founder
- Professional Engineer (APEGA)
- Authored over 70 Patents
- Founder/ CoFounder and former President/ CEO of Kobold, Frac Source, Technicoil Corporation, Firetrace and MTJ Consulting
- Founded Companies that have created over $1 billion in shareholder value
- 31 years of industry experience, which has included serving on boards and sub-committees for both public and private companies
Mark Andreychuk is the CEO and Co-founder of Arrow Geothermal. Mark has a very successful track record building and selling several disruptive new technology oil and gas services companies. Most recently, Mark Co-founded Kobold, a precision downhole technologies company. Their most successful product is a reclosable sliding sleeve that reduces stimulation horsepower, reducing seismicity, fracture time, project costs and risk.
Michael J. Dost
CFO, Co-Founder
Michael J. Dost
CFO, Co-Founder
- MBA, University of British Columbia
- Director with BDC Capital ($1B+ under management)
- Personal experience in building rapid-growth company: AudeSi Technologies management team, sold to Wind River for $70 million
- Completed multiple turnarounds of underperforming companies
Michael Dost is the CFO and Co-Founder. Michael has a venture capital background with BDC Capital ($1B assets under management). Michael also started Octane Capital which invested in several technology companies and was backed by several Alberta families. Investees have created over $1.5B in shareholder value.
Stephen Mravunac
Technical Specialist
Stephan Mravunac
Technical Specialist
- Growth manager with 30 years of work experience in the Oil & Gas Service Industry
- 16 years of Directional Drilling field and office engineering experience
- The last 14 years have been an entrepreneurial manager in Canada growing two major companies to a full acquisition
