May 20, 2018 10:29 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bow Energy Ltd.

Company Overview

Bow Energy Ltd., a natural resource company, engages in the acquisition, exploration, development, and production of oil and gas properties in Indonesia. Its principal properties include production sharing contracts, such as Bohorok, Palmerah Baru, Palmerah Deep, Mahato, as well as South Block A and Bohorok Deep properties located in Sumatra, Indonesia. The company was formerly known as ACL International Ltd. and changed its name to Bow Energy Ltd. in February 2017. The company was founded in 1989 and is based in Calgary, Canada. Bow Energy Ltd. is a subsidiary of Blue Sky International Holdings, Inc. As of February 27, 2018, Bow Energy Ltd. operates as a subsidiary of Petrolia Energy Corpor...

205 –5 Avenue SW

16th Floor

Calgary, AB T2P 2V7

Canada

Founded in 1989

Key Executives for Bow Energy Ltd.

Chief Executive Officer
President & Director
Age: 54
Chief Financial Officer
Age: 33
Chief Product Officer
Compensation as of Fiscal Year 2017.

Bow Energy Ltd. Key Developments

Bow Energy Delists From The TSX-V

Effective at the close of business on March 7, 2018, the common shares of Bow Energy Ltd. will be delisted from the TSX Venture Exchange. The delisting of the company's shares results from Petrolia Energy Corp. purchasing 100% of the company's shares pursuant to an arrangement agreement dated Nov. 30, 2018. Bow's shareholdersreceived 1.15 shares of Petrolia for every Bow share held.

Bow Energy Ltd. To Be Deleted From Other OTC

Bow Energy Ltd.'s Ordinary Shares will be deleted from Other OTC effective March 8, 2018. The deletion was due to Acquisition/Merger/Amalgamation.

Bow Energy To Be Delisted From TSX Venture Exchange

Further to Petrolia Energy Corp.'s press release dated Dec. 5, 2017, the company has completed the acquisition of Bow Energy Ltd. pursuant to which Petrolia has acquired all of the issued and outstanding common shares in the capital of Bow. Under the terms of the Arrangement, Bow shareholders are deemed to have received 1.15 Petrolia common stockshares for each Bow Share. It is expected that the Bow Shares will be delisted from the facilities of the TSX Venture Exchange after the close of business on March 2, 2018. Bow's common shares are currently listed and posted for trading on the TSX Venture Exchange.

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