Arrow Energy Ltd.

NEW, Arrow Energy Ltd. has retained Canacorrd Enermarket to sell the company. Arrow Energy is a Canadian, publicly traded junior oil and gas company based in Calgary. Its primary area of exploration is in central and southern Alberta and it has current production of 1.3 million cubic feet of gas per day. Proven-plus-probable reserves on the properties are 778,833 barrels of oil equivalent and more than 25 drilling and completion opportunities have been identified on the company's 19,828 net acres. For 2006, the properties are forecasted to produce some 382 barrels of oil equivalent per day (100% gas). For more information, contact Martin Peters, 403-537-9829.