Arrow Energy Ltd.

Arrow Energy Ltd.

November 07, 2006 14:54 ET

Arrow Energy Ltd.: Appointment of CFO

CALGARY, ALBERTA--(CCNMatthews - Nov. 7, 2006) -

(Not for distribution to United States news wire services or for dissemination in the United States)

Chris Tesarski, President of Arrow Energy Ltd. (TSX VENTURE:AOF) ("Arrow") is pleased to announce that effective November 2nd, 2006 Ms. Rhonda Stewart has joined the management team of Arrow as its CFO & Vice President of Finance. Ms. Stewart was former Comptroller of Arrow and brings with her significant experience and knowledge of Arrow's history and operations as well as sharing the vision for exciting growth plans for the future of Arrow.

As part of her employment package, Ms. Stewart was granted effective November 3, 2006 options to purchase 210,000 common shares at an exercise price of $0.45 per common share pursuant to its stock option plan. The stock options expire five years from the date of grant.

Arrow Energy Ltd. is a junior oil and gas company listed on the TSX Venture Exchange having active production and exploration operations in Northern and Central Alberta.

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.
    Chris Tesarski
    (403) 538-2110
    Arrow Energy Ltd.
    Suite 3000, 150 - 6th Avenue S.W.
    Calgary, Alberta T2P 3Y7
    (403) 538-2110 (FAX)