Arrow Energy Ltd.

Arrow Energy Ltd.

October 06, 2005 14:48 ET

Arrow Announces Appointment of New Directors

CALGARY, ALBERTA--(CCNMatthews - Oct. 6, 2005) -

(Not for dissemination in the United States of America)

Arrow Energy Ltd. (TSX VENTURE:AOF) (Arrow) is pleased to announce that the Company has appointed two new independent members to the Board of Directors, Mr. James B. Laycraft and Dr. James A. Mott.

Mr. Laycraft was admitted to the Law Society of Alberta in 1981 and practiced at a major law firm until 1985 when his current firm, Wilson Laycraft, was founded. Mr. Laycraft practices in the area of litigation with a recent focus on regulatory and other matters in the oil and gas sector.

Dr. Mott owns a private oil and gas company focused on prospect generation to the upstream petroleum industry. Previously, Dr. Mott was Chief Exploration Geologist for Lomalta Petroleums Ltd., a private oil and gas company engaged in development and exploration activities throughout Alberta.

Both Mr. Laycraft and Dr. Mott have extensive experience in their fields of expertise which will compliment Arrow's current Board of Directors.

Arrow Energy Ltd., a Calgary based company, engages in the exploration, development, acquisition and production of natural gas and light gravity crude oil reserves in Western Canada. With a focus on natural gas, Arrow's primary area of exploration is in central Alberta.

This press release includes forward-looking statements and assumptions respecting the Company's strategies, future operations, expected financial results, financing sources, commodity prices, costs of production and quantum of oil and natural gas reserves and discusses certain issues, risks and uncertainties that can be expected to impact on any of such matters. By their nature, forward-looking statements are subject to numerous risks and uncertainties that can significantly affect future results. Actual future results may differ materially from those assumed or described in such forward-looking statements as a result of the impact of issues, risks and uncertainties whether described herein or not, which the Company may not be able to control. The reader is therefore cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any intention or obligation to update or revise these forward-looking statements, as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Arrow Energy Ltd.
    Eric G. Gosselin
    President & CEO
    (403) 266-4536
    Arrow Energy Ltd.
    Jeff Thomson
    VP Finance & CFO
    (403) 538-3465
    Arrow Energy Ltd.
    Suite 300, 407 - 2nd Street S.W.
    Calgary, Alberta T2P 2Y3
    (403) 266-4564 (FAX)