shell money delayed by labor gov. due shortly, page-6

Arrow/Shell Transaction Update
Arrow Energy is pleased to announce that Royal Dutch Shell plc has received Foreign
Investment Review Board approval to proceed with the acquisition of 30% of Arrow
Energy’s Domestic tenements via its Australian subsidiaries.
In addition Arrow is pleased to announce that significant progress has been made in
securing Queensland Government approval for the transfer of 30% of Arrow’s interests in
petroleum tenements to Shell. At this time both Arrow and Shell are working towards
financial close of this transaction in early December.