Arrow Energy

Arrow Energy N.L. ("Arrow") is pleased to announce an accelerated reserves certification plan for the greater Moranbah area to meet the emerging and growing needs of gas customers in the Gladstone to Townsville corridor. In particular there has been a significantly increasing number of enquiries from potential customers following the ongoing uncertainty with respect to the likelihood and timing of the PNG Gas pipeline project.

Australia's largest coal seam gas play Arrow Energy anticipates a new level of growth, expanding into different products such as compressed natural gas, small scale LNG and gas to liquids power generation. Arrow's merger with fellow coal seam gas company CH4 has increased the group's commercial and technical expertise, along with an expanded geographical spread. Arrow is also looking for growth internationally, focusing on gas hungry India.

Arrow marks its first revenue with one million cubic feet of gas a day delivered into the Roma to Brisbane pipeline. CEO Nick Davies says: "Although we’ve drilled a lot of exploration wells over the last few years, a lot of appraisal wells, and done a number of pilots that show how the wells perform over a short period of time, there’s nothing like proving that it happens in a full-scale development mode, and today we’ve proved that."