Announcement, Company Presentation re Bowen Basin Operations
Highlights...
The largest CSG acreage position in eastern Australia >65,000 sq km Arrow is embarking on the largest exploration and appraisal program in its history as it targets reserves for multiple LNG Trains at Gladstone
Area – our Bowen Basin tenements cover more than 5000 sq. km – a large area to explore
Future • The future for Arrow in the Bowen Basin is to supply to Curtis Island LNG • The intention is that Arrow’s JV acreage will supply the majority of the gas for Shell’s Curtis Island LNG project • This growth will increase Arrow’s production in the Bowen Basin by 10 times the current level • Our current estimates are that the associated project will include over 2500 wells
AOE Price at posting:
$4.33 Sentiment: LT Buy Disclosure: Held