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Arrow Exploration: Director/PDMR Shareholding

Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AX...

articleArrow Exploration Corp.June 21, 20243/company/arrow-exploration-corp/news/arrow-exploration-directorpdmr-shareholding
Arrow Exploration: Director/PDMR Shareholding

About this update from Arrow Exploration Corp.

[{"type":"text","content":"Arrow Exploration: Director/PDMR ShareholdingCalgary, Alberta--(Newsfile Corp. - June 21, 2024) - 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, has been notified that, for estate planning purposes, Gage Jull, Executive Chairman, and Joe McFarlane, Chief Financial Officer, have transferred the following number of common shares of nil par value from sole accounts into joint accounts with their respective spouses:Gage Jull - 5,993,508Joe McFarlane - 5,557,840Following these transfers, there is no change in the beneficial interest of shares in the Company of either Mr Jull or Mr McFarlane.For further Information, contact:Arrow Exploration Marshall Abbott, CEO+1 403 651 5995 Joe McFarlane, CFO+1 403 818 1033Canaccord Genuity (Nominated Advisor andJoint Broker) Henry Fitzgerald-O'ConnorJames AsensioGeorge Grainger+44 (0)20 7523 8000Auctus Advisors (Joint Broker) Jonathan Wright Rupert Holdsworth Hunt+44 (0)7711 627449Camarco (Financial PR) Andrew Turner Rebecca Waterworth+44 (0)20 3781 8331About Arrow Exploration Corp.Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) 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. Arrow's 50% interest in the Tapir Block is contingent on the assignment by Ecopetrol SA of such interest to Arrow. Arrow's seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol \"AXL\".Forward-looking StatementsThis 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-lo...

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