In its quarterly report, Arrow said the results showed the company had delivered on its production and EBITDA targets for the year.

"The results are further evidence of Arrow's transformation from an exploration company to an established producer with solid foundations and growing gas sales from four projects," the company said.

Gas production during the quarter reached 78 million cubic feet of gas per day, or 37.99TJ/d, up 12% from the previous quarter. Since then, output has ramped up to 46.6TJ/d.

"Net attributable sales of gas averaged 31.36 terajoules per day for the quarter, an increase of 4 percent over the previous quarter," the company said.

"In addition, sales of electricity at the Daandine power station increased more than 200 percent in the quarter, selling 579 megawatt hours per day on average over this period."

Arrow operates four producing CSM projects in Queensland: the Moranbah gas project in the Bowen Basin, and the Tipton West, Kogan North and Daandine projects in the Surat Basin.