This mod allows you to remove an arrow after you have your bow drawn. I don't know why Bethesda didn't think of this. Now you don't have to shoot your arrow and go pick it up if you decide you don't want to hit your target or whatever.
This plugin allows you to cancel a shot with your bow without wasting your arrow.
We all make mistakes. Sometimes, you draw an arrow only to realize seconds later that you have no need of it. What do you do when you have an arrow nocked? In Oblivion, there are no second chances; you're going to fire that arrow, and you're going to have to chase it down and recover it. Talos help you if it's enchanted - in that case, it's probably gone for good.
This plugin allows you to cancel a shot with your bow with the press of a button.
Installing the Plugin
This plugin REQUIRES OBSE v0009 or later. Download the latest version at obse.silverlock.org, and follow the installation instructions included.
To install Denock Arrows, simply copy the .esp into your Oblivion\Data folder.
Playing the Plugin
To denock an arrow, press the "grab" key or button while your bow is drawn. By default, this is the "Z" key, but the scripts can detect which key or mouse button is currently assigned to that function. After denocking an arrow, you must release the attack button before you can draw the bow again.