View in Other Languages Arrow Energy (ASX:AOE), Dajing 공동생산계약 체결 Arrow Energy (ASX:AOE)签署大井产量分成合同 Arrow Energy (ASX:AOE)、Dajingに関する生産物分与契約締結 Arrow Energy ASX:AOE توقع عقد Dajing للإنتاج المشترك Arrow Energy (ASX:AOE)簽署大井產量分成合同 Arrow Energy (ASX:AOE) Signed Dajing Production Sharing Contract 
Arrow Energy (ASX:AOE) Signed Dajing Production Sharing Contract
Arrow Energy (ASX:AOE) Signed Dajing Production Sharing Contract

Sydney, June 1, 2010 AEST (ABN Newswire) - Arrow Energy Limited (googlechartASX:AOE) said its subsidiary Arrow Energy (Dajing) Pte Ltd has signed a 30 year production sharing contract (PSC) with Chinese energy giant PetroChina (googlechartNYSE:PTR) (googlechartHKG:0857) (googlechartSHA:601857) for the Dajing block in China.

Arrow Dajing will partner with PetroChina to explore unconventional gas in the Dajing block, which is located in the East Junggar Basin in China's Xinjiang Autonomous Region. Under the PSC, Arrow Dajing will act as operator. The agreement is subject to regulatory approval in China.

Arrow is expected to demerge its international and certain Australian businesses and create a new ASX listed entity, Dart Energy Limited. The Dajing block will be a key asset in China for the Dart Energy.

Arrow's first year work program at Dajing involves the drilling of 14 exploration wells specifically aimed at determining key gas reservoir characteristics, and an assessment of the long-term commercial viability of the Dajing block.


Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344

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