Arrow Energy Ltd.

Junior oil and gas producer Arrow Energy Ltd., Calgary, has retained Canaccord Enermarket to sell the company. Arrow's 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 Arrow's properties total 778,833 barrels of oil equivalent, and more than 25 drilling and completion opportunities have been identified on Arrow's 19,828 net acres. For 2006, the properties are expected to produce some 382 barrels of oil equivalent per day (100% gas). For more information, contact Martin Peters, 403-537-9829.