Ann: Arrow Recommends Acquisition By Shell / Petr, page-13

re: Ann: AOE: Arrow Recommends Acquisition By... I sold my LNG shares last week having held for some time.

I'm reviewing whether to buy in again in light of the Arrow announcment today . I hold Arrow and while disappointed in some respects by the announcment the following seems a possibility.

The new Arrow entity to hold international assets will be called Dart. Dart is obviously planning to operate in internationally and withi Australia.

Dart board is very familiar with BOW and Apollo boards.
Dart ties up with BOW and leverages off BOW's management team combined with Arrow management free'd up by Shell takeover.
Fishermans Landing is revived with LNG Ltd.
Additional gas reserves required.
Substantial exploration currently going on in Bowen tenements which are much closer to Gladstone than Surat Basin.
Possible for explorers in Bowen to also tie-up with BOW Dart & LNG.

These are just some initial thoughts which I need to develop.