TIDMAXL
RNS Number : 3347H
Arrow Exploration Corp.
27 July 2023
NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
ARROW ANNOUNCES IAN LANGLEY HAS BEEN APPOINTED TO THE BOARD OF
DIRECTORS
CALGARY, July 27, 2023 - 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,
is pleased to announce that Mr. Ian Langley had accepted a position
on the Board of Directors which will become effective on 1 August
2023.
Mr. Langley brings to the Board more than 35 years of experience
as both an executive and director in various businesses in the UK
and abroad. Mr. Langley attended the PACE Program at Manchester
Business School and completed the Certificate and Diploma in
Industrial Management courses at Wolverhampton University. Prior to
this he completed a four-year engineering apprenticeship with
British Rail Engineering Limited ("BREL"). From there Mr. Langley
founded, ran and directed numerous private equity backed companies
including Airswift, where Mr. Langley currently sits as the
Chairman of the Board, and EPI Group where Mr. Langley sits as a
non-Executive Chairman. Currently, Mr. Langley also sits as the
non-Executive Director of the Berry Group and Boston Energy
Ltd.
Mr. Langley has received industry recognition in these roles and
won awards for his work including the BVCA Management Team of the
Year, Sunday Times Fast Track, Top Track and Buyout. Track, EY EofY
nominations and others.
Marshall Abbott, CEO of Arrow commented:
"From a business and finance perspective, Mr. Langley brings to
Arrow both broad, practical experience with a variety of public and
private companies, and an in-depth expertise in financial
regulations and processes. He is highly respected in his field, and
we look forward to working with him in meeting our corporate
strategic goals.
Further information in relation to the Director appointment
Ian Michael Langley (aged 61) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed
under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
As at the date of appointment, Ian Langley does not hold any
Common Shares of Arrow.
Current Directorships
-- AIRSWIFT GLOBAL LIMITED (13357471) - Appointed June 2016
-- AIR ENERGI NEWCO LIMITED (09890678) - Appointed Jan 2016
-- AIRSWIFT HOLDINGS LIMITED (09913704) - Appointed Jan 2016
-- BERRY RECRUITMENT GROUP LTD. (09200786) - Appointed Sept 2014
-- EPI GLOBAL LTD (08938405) - Appointed June 2014
-- E P I LIMITED (04458520) - Appointed June 2014
-- EPI AMERICAS LTD (08966711) - Appointed June 2014
-- EPI GROUP HOLDINGS LTD (08960180) - Appointed June 2014
-- AIR ENERGI GROUP HOLDINGS LIMITED (08166518) - Appointed Oct 2012
-- BERRY RECRUITMENT LIMITED (07036111) - Appointed Oct 2009
Previous Directorships
-- THE BLACK DRESS COMPANY (UK) LIMITED (03879220) - Mar 14 to July 2022 (Dissolved)
-- WOVEN RUGS LIMITED (09124470) - Mar 2015 to Jul 2021
-- POCKIT LIMITED (07157877) - May 2014 to Oct 2019
-- AIR RESOURCES LIMITED (01427732) - Oct 1991 to Apr 2016
-- AIR ENERGI INVESTMENTS LIMITED (06849405) - July 2009 to Apr 2016
-- AIR ENERGI GROUP INVESTMENTS LIMITED (08167461) - Oct 2012 to Apr 2016
-- AIR ENERGI HOLDINGS LIMITED (06849455) - Jul 2009 to Apr 2016
-- AIR ENERGI GROUP LIMITED (05509548) - Aug 2005 to Apr 2016
-- BELLEVUE RESOURCES LIMITED (03566040) - June 1998 to Apr 2016
-- MARCHFIELD HOLDINGS LIMITED (03353386) - Jul 1997 to Apr 2016
Mr. Ian Langley was a director of The Black Dress Company (UK)
Limited from March 2014 to July 2022. The Black Dress Company (UK)
Limited entered into a creditors' voluntary liquidation on 21 July
2020, with the Company subsequently dissolved on 29 July 2022. At
the time of the dissolution the Statement of Affairs showed GBP574k
of claims to unsecured creditors that were not paid, as well as
GBP658k of outstanding creditors that had not filed claims / were
not paid out.
There is no further information which is required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies in respect of Mr. Langley.
For further Information, contact:
Arrow Exploration
Marshall Abbott, CEO +1 403 651 5995
Joe McFarlane, CFO +1 403 818 1033
Brookline Public Relations, Inc.
Shauna MacDonald +1 403 538 5645
Canaccord Genuity (Nominated Advisor
and Joint Broker)
Henry Fitzgerald-O'Connor
James Asensio
Gordon Hamilton +44 (0)20 7523 8000
Auctus Advisors (Joint Broker)
Jonathan Wright + 44 (0)7711 627449
Rupert Holdsworth Hunt
Camarco (Financial PR)
Georgia Edmonds +44 (0)20 3781 8331
Rebecca Waterworth
Billy Clegg
About 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 Statements
This 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-looking statements
or information ("forward-looking statements") under applicable
securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events,
outcomes, results or developments that Arrow anticipates or expects
may, could or will occur in the future (in whole or in part) should
be considered forward-looking statements. In some cases,
forward-looking statements can be identified by the use of the
words "continue", "expect", "opportunity", "plan", "potential" and
"will" and similar expressions. The forward-looking statements
contained in this news release reflect several material factors and
expectations and assumptions of Arrow, including without
limitation, Arrow's evaluation of the impacts of COVID-19, the
potential of Arrow's Colombian and/or Canadian assets (or any of
them individually), the prices of oil and/or natural gas, and
Arrow's business plan to expand oil and gas production and achieve
attractive potential operating margins. Arrow believes the
expectations and assumptions reflected in the forward-looking
statements are reasonable at this time, but no assurance can be
given that these factors, expectations, and assumptions will prove
to be correct.
The forward-looking statements included in this news release are
not guarantees of future performance and should not be unduly
relied upon. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. The forward-looking
statements contained in this news release are made as of the date
hereof and the Company undertakes no obligations to update publicly
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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END
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July 27, 2023 02:05 ET (06:05 GMT)
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