Arrow signs LOI with PetroChina

The Directors of Arrow Energy N.L. announces the signing of a Letter of Intent (“LOI”) with major Chinese government owned oil and gas company, PetroChina. The LOI is to negotiate a Production Sharing Contract (“PSC”) covering natural gas including coal bed methane (“CBM”) over the 4,000 km2 Dajing block in the Junggar basin of Xinjiang Autonomous Region, NW China.