CALGARY, Jan. 18, 2019 /CNW/ - ARROW Exploration Corp.
(operating in Colombia via a
Colombian branch of its 100% owned subsidiary, Carrao Energy S.A.
"(Carrao")) ("Arrow" or the "Company") (TSXV: AXL) announces the
departure of Fred Kozak, VP
Corporate Development, from the management team of the Company.
Arrow is committed to prudently managing its G&A expense and,
as a result, Mr. Kozak's position of VP Corporate Development has
been eliminated. The responsibilities of VP Corporate Development
have been amalgamated under the role of VP Finance & IR.
Arrow's Board and Management wish to thank Mr. Kozak for his
contribution to the Company.
About ARROW Exploration
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,
underexplored and offer high potential growth. The Company's
self-funding business plan is to rapidly expand oil production from
some of Colombia's most active
basins, including the Llanos, Middle Magdalena Valley (MMV) and
Caguan/ Putumayo Basin. The asset base is 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 seasoned team is led by a hands-on and in-country
executive team supported by an experienced board. Arrow is
listed on the TSX Venture Exchange under the symbol "AXL".
Reader Advisory
Neither the TSX Venture Exchange (TSXV) nor its regulation
services provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release.
This press release contains certain forward-looking
statements within the meaning of applicable securities laws.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "target", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may", "should" or "will" occur.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company
cannot assure that actual results will be consistent with these
forward-looking statements. They are made as of the date hereof and
are subject to change and the Company assumes no obligation to
revise or update them to reflect new circumstances, except as
required by law.
SOURCE ARROW Exploration Corp.