April 27 (Reuters) - Arrow Exploration Corp AXL.V :
* ARROW EXPLORATION PROVIDES CORPORATE UPDATE
* ARROW EXPLORATION - CO & ADVISOR REMAIN COMMITTED TO STRATEGIC ALTERNATIVES PROCESS,INTEND TO PROVIDE UPDATES AS DETERMINED TO BE APPROPRIATE BY BOARD
* ARROW EXPLORATION CORP - JOE MCFARLANE HAS BEEN APPOINTED TO POSITION OF CHIEF FINANCIAL OFFICER OF COMPANY, EFFECTIVE APRIL 24TH, 2020
* ARROW EXPLORATION-NO GUARANTEES AS TO WHETHER STRATEGIC ALTERNATIVES PROCESS TO RESULT IN TRANSACTION OR TERMS OR TIMING OF ANY RESULTING TRANSACTION
* ARROW EXPLORATION CORP - ESTIMATES ITS Q1 2020 PRODUCTION AVERAGED APPROXIMATELY 1,072 BBLS/D
* ARROW EXPLORATION CORP - HAS TEMPORARILY SHUT-IN PRODUCTION AT OSO PARDO, WITH OMBU SHUT IN BY OPERATOR SINOCHEM
* ARROW EXPLORATION - EMPLOYEES AND CONTRACTORS ARE REDUCING SALARIES AND RATES TO HELP CO REDUCE ITS OVERALL SPENDING DURING THIS DIFFICULT PERIOD
* ARROW EXPLORATION CORP - WITNESSED A SLOWDOWN IN MERGERS AND ACQUISITIONS ACTIVITY, AS WELL AS A DECLINE IN DEBT AND EQUITY FINANCINGS