REG - Arrow Exploration - Appointment of Nomad and Joint Broker

Arrow ExplorationAnnouncement

22/07/2022 07:00

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RNS Number : 3734T  Arrow Exploration Corp.  22 July 2022

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ARROW ANNOUNCES appointment of nomad and joint broker

CALGARY, July 22, 2022 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)
("Arrow" or the "Company") the high-growth operator with a portfolio of assets
across key Colombian hydrocarbon basins, is pleased to announce that further
to the announcement of Canaccord Genuity Limited ("Canaccord") as its
Nominated Adviser on 28 April 2022, Canaccord has confirmed that it has
completed satisfactorily its due diligence. Accordingly, a Nominated Adviser
Declaration has been submitted to AIM in accordance with the AIM Rules.

About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned
subsidiary Carrao Energy S.A.) is a publicly-traded company with a portfolio
of premier Colombian oil assets that are under-exploited, under-explored and
offer high potential growth. The Company's business plan is to expand oil
production from some of Colombia's most active basins, including the Llanos,
Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is
predominantly operated with high working interests, and the Brent-linked light
oil pricing exposure combines with low royalties to yield attractive potential
operating margins. Arrow's 50% interest in the Tapir Block is contingent on
the assignment by Ecopetrol SA of such interest to Arrow. Arrow's seasoned
team is led by a hands-on executive team supported by an experienced board.
Arrow is listed on the AIM market of the London Stock Exchange and on TSX
Venture Exchange under the symbol "AXL".

Information required under Schedule 2g of the AIM Rules for Companies

Philip  Gage Jull ("Gage"), is or has held the following directorships in the
past five years:

 Current Directorships / Partnerships  Past directorships / partnerships
 GeneTether Theraputics, Inc

 

Grant Carnie, is or has held the following directorships in the past five
years:

 Current Directorships / Partnerships  Past directorships / partnerships
 Armour Energy LLC

 

Maria Charash Koundina, is or has held the following directorships in the past
five years:

 Current Directorships / Partnerships  Past directorships / partnerships
 Orchard Energy Ltd

 

Joe McFarlane, is or has held the following directorships in the past five
years:

 Current Directorships / Partnerships     Past directorships / partnerships
 Ann & Sandy Cross Conservation Area

 

For further Information, contact:

 Arrow Exploration
 Marshall Abbott, CEO                                                                   +1 403 651 5995
 Joe McFarlane, CFO                                                                     +1 403 818 1033

 Brookline Public Relations, Inc.

 Shauna MacDonald                                                                       +1 403 538 5645

 Canaccord Genuity (Nominated Advisor and Joint Broker)
 Henry Fitzgerald-O'Connor                                                              +44 (0)20 7523 8000

 James Asensio

 Gordon Hamilton

 Auctus Advisors (Joint Broker)
 Jonathan Wright (Corporate)                                                            +44 (0)7711 627449
 Rupert Holdsworth Hunt (Broking)

 Camarco (Financial PR)
 James Crothers                                                                         +44 (0)20 3781 8331
 Rebecca Waterworth
 Billy Clegg

 

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