The recent directors share holding notices are the best...

The recent directors share holding notices are the best indicator of where BOW is going.

Ron Prefontaine nor holds 10m (f), Nicholas Mather 4m (f), and Steven Bizzel 4m (f).

Mather and Bizzel are directors of Arrow Energy.

Arrow will move on BOW or their CSG leases when it is clear that it is the correct and clear best business opportunity. That could be any day.

Based on recent industry prices the move will need to be over $4.00 to succeed.

It is also possible that other companies are also looking at BOW and will precipitate action.