ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ARW

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:ARW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Aroway Energy Inc. Begins Drilling at Kirkpatrick Lake

04/12/2013 12:30pm

Marketwired Canada


AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the
"Company") announces that it has commenced operations on a new development oil
well on its 100% owned and operated Kirkpatrick Lake property in Central
Alberta. The new development oil well will be drilled to an approximate depth of
1,400 meters into the Ellerslie formation. This new well is classified as a
development well, and offsets Aroway's original discovery well which went into
production under a Special MRL (Maximum Rate Limitation) in July 2013 at a rate
of 240 bbls per day. The new well will be tied-in to existing infrastructure
approximately 200 meters away immediately upon completion and a short term
production test. 


Chris Cooper, President & CEO of Aroway Energy, commented, "Provided this well
is successful, the anticipated increase in oil production from this well will
bolster our current production, strengthen our cash flow and continue to build
on our profitability as an operating oil Company."


ABOUT AROWAY ENERGY INC.

Aroway Energy Inc. is a western Canadian junior oil production and exploration
company participating in oil development & exploration prospects in Alberta and
Saskatchewan. Aroway operates and owns a highly economic heavy oil producing
property in West Hazel, Saskatchewan and has a 100% working interest in a light
oil producing property in Kirkpatrick Lake in Central Alberta. Through a joint
venture partnership, Aroway has a 50% working interest in the Peace River Arch
of Northern Alberta with 90 sections (57,600 acres) of land with 3D seismic
coverage on the majority of the land base, with the area infrastructure
controlled and owned by Aroway's Joint Venture Partner. 


ON BEHALF OF AROWAY ENERGY INC.

Chris Cooper, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. A conversion ratio of 1 barrel of
oil equivalent ("boe"); 6 Mcf has been used, which is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not necessarily represent a value equivalency at the wellhead. Boes may be
misleading, particularly if used in isolation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aroway Energy Inc.
Chris Cooper
President & CEO
Toll Free: 1-855-427-6929
cooper@arowayenergy.com


Aroway Energy Inc.
Judy-Ann Pottinger
Toll Free: 1-855-427-6929
jpottinger@arowayenergy.com
www.arowayenergy.com

1 Year Aroway Energy Inc. Chart

1 Year Aroway Energy Inc. Chart

1 Month Aroway Energy Inc. Chart

1 Month Aroway Energy Inc. Chart

Your Recent History

Delayed Upgrade Clock