Gas explorer and producer Arrow Energy says that through an initial public offer, it will spin-off its abroad assets on either the Singapore or Hong Kong stock exchanges and keep hold of 70% of the stock in Arrow International. The company plans to increase total production by tenfold by 2015, which is driven by the $2.2 billion Fisherman’s Landing liquefied natural gas project at Gladstone in Queensland.

Compared with a net profit of $241.19 million of the same period of the previous six months to December 31, Arrow Energy posted a loss of $16.26 million on Wednesday.

"It will be something that we'll assess in a real-time basis ... where the market is at and what the value of the placement is like relative to what our funding needs are at the time", said Shaun Scott, Chief Executive.

Curtis Island LNG joint venture with Shell at Gladstone of north-west Australia would be the Arrow's next major project.