REG - Arrow Exploration - Arrow Announces Grant of Stock Options

Arrow ExplorationAnnouncement

09/10/2025 07:00

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RNS Number : 6434C  Arrow Exploration Corp.  09 October 2025

NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

ARROW ANNOUNCES GRANT OF STOCK OPTIONS

CALGARY, October 9, 2025 - 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 a stock
options grant.

Stock Options Grant

 

The Company has granted 6,198,334 stock options ("Options") to Directors,
officers and employees, pursuant to the Company's Stock Option Plan (the
"Plan"). The Plan is intended to assist in attracting, retaining, engaging and
rewarding directors, officers and employees of the Company, provide additional
incentive to these people for their efforts on behalf of the Company, and to
align with the enhancement of shareholder value. The Plan was re-approved by
shareholders at the Company's Annual General Meeting held on 24 September
2025. Under the Plan, the Company is able to issue Options to a maximum of 10%
of the number of issued and outstanding common shares in the Company from time
to time. The following PDMRs have been granted the options listed below:

                             PDMR Options Granted
 Marshall Abbott             1,477,223
 Gage Jull                   1,555,000
 Joe McFarlane               1,555,000
 Ravi Sharma                 561,111
 Grant Carnie                333,333
 Ian Langley                 333,333
 Total PDMR Options Granted  5,815,000

 

The Options have a strike price of CAD 0.225, and vest in thirds on each of
the first, second and third anniversaries of grant. The options expire six
months from vesting. Following these grants, the Company shall have a total
23,395,002 options issued under the Plan.

In line with previous awards the Options being granted today are to compensate
the recipient for previous awards that have recently lapsed or been exercised
meaning that their total interest in shares under option remains approximately
constant.

For further Information, contact:

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

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

 James Asensio

 George Grainger

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

 Camarco (Financial PR)
 Owen Roberts                                                        +44 (0)20 3781 8331
 Rebecca Waterworth

 

About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned
subsidiary Arrow Exploration Switzerland GmbH) is a publicly traded company
with a portfolio of premier Colombian oil assets that are underexploited,
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. Pursuant to certain private agreements entered
between Arrow and its partner, Arrow is entitled to receive 50% of the
production from the Tapir block and has the right to request approval to
Ecopetrol S.A. for the assignment of 50% of all rights, interests and
obligations under the Tapir Association Contract. Arrow is listed on the AIM
market of the London Stock Exchange and on TSX Venture Exchange under the
symbol "AXL".

 

Forward-looking Statements

This news release contains certain statements or disclosures relating to Arrow
that are based on the expectations of its management as well as assumptions
made by and information currently available to Arrow which may constitute
forward-looking statements or information ("forward-looking statements") under
applicable securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events, outcomes, results
or developments that Arrow anticipates or expects may, could or will occur in
the future (in whole or in part) should be considered forward-looking
statements. In some cases, forward-looking statements can be identified by the
use of the words "continue", "expect", "opportunity", "plan", "potential" and
"will" and similar expressions. The forward-looking statements contained in
this news release reflect several material factors and expectations and
assumptions of Arrow, including without limitation, Arrow's evaluation of the
impacts of global pandemics, the potential of Arrow's Colombian and/or
Canadian assets (or any of them individually), the prices of oil and/or
natural gas, and Arrow's business plan to expand oil and gas production and
achieve attractive potential operating margins. Arrow believes the
expectations and assumptions reflected in the forward-looking statements are
reasonable at this time, but no assurance can be given that these factors,
expectations, and assumptions will prove to be correct.

The forward-looking statements included in this news release are not
guarantees of future performance and should not be unduly relied upon. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. The forward-looking
statements contained in this news release are made as of the date hereof and
the Company undertakes no obligations to update publicly or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Marshall Abbott
 Reason for the notification
 Position/status                                                             CEO, Director
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name             Exercise Price  Options
                                                                             Marshall Abbott  CAD 0.225       1,477,223

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Gage Jull
 Reason for the notification
 Position/status                                                             Director
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name       Exercise Price  Options
                                                                             Gage Jull  CAD 0.225       1,555,000

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Joe McFarlane
 Reason for the notification
 Position/status                                                             CFO
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name           Exercise Price  Options
                                                                             Joe McFarlane  CAD 0.225       1,555,000

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Ravi Sharma
 Reason for the notification
 Position/status                                                             Director
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name         Exercise Price  Options
                                                                             Ravi Sharma  CAD 0.225       561,111

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Grant Carnie
 Reason for the notification
 Position/status                                                             Director
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name          Exercise Price  Options
                                                                             Grant Carnie  CAD 0.225       333,333

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                                        Ian Langley
 Reason for the notification
 Position/status                                                             Director
 Initial notification / Amendment                                            Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                                        Arrow Exploration Corp.
 LEI                                                                         9845000FDF0856QD9031
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument: (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conduct
 Description of the Financial instrument, type of instrument identification  Options to subscribe for common shares of nil par value (ISN:CA04274P1053)
 code
 Nature of the Transaction                                                   Grant of Options
 Price(s) and volume(s)

Name         Exercise Price  Options
                                                                             Ian Langley  CAD 0.225       333,333

 Aggregated information                                                      N/A
 Date of the transaction                                                     October 8, 2025
 Place of the transaction                                                    Outside a trading venue

Aggregated information

N/A

Date of the transaction

October 8, 2025

Place of the transaction

Outside a trading venue

 

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