Arrow Energy said it welcomes today’s implementation of the Scheme of Arrangement for the 100 percent acquisition of Bow Energy which will deliver additional strategic coal seam gas assets to the company’s portfolio.
From today Bow Energy business will be integrated into Arrow and operated as a single entity.
Arrow Energy Chief Executive Officer Andrew Faulkner said the completion of this acquisition was good news for all stakeholders. Bow shareholders realised compelling value for their shares in a volatile market, Bow employees received the opportunity to join Arrow and the acquisition allows Arrow the potential to expand the liquefied natural gas (LNG) train size at its planned LNG facilities on Curtis Island.
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LNG World News Staff, January 11, 2011