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14.06.2011
AROWAY ENERGY INC. ANNOUNCES THE SPUD OF A NEW OIL WELL
AROWAY ENERGY INC. ANNOUNCES THE SPUD OF A NEW OIL WELL
Calgary, Alberta, June 14, 2011 – AROWAY ENERGY INC. (TSX-V: ARW) (PINK: ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce that drilling operations have begun on the Company’s 3rd well of its 2011 exploration program. The well will be drilled to a depth of 1,225 meters targeting oil in the base of the Debolt formation. The multi-prospective well will penetrate 4 additional stacked zones before reaching the target formation. The Company is paying 50% of all costs associated with this well to earn a 50% interest in the well.
Company President Chris Cooper commented, “This is the 3rd of a possible six to eight wells we have planned for our 2011 drill program. We are optimistic this will be a successful oil well based upon the multi-prospectivity of this well with the 4 stacked zones in addition to the target formation.”
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in “non-operated” Peace River Arch oil and gas exploration prospects, through a joint venture partnership. All of the planned exploration and/or development wells to be drilled are defined by 3-D seismic, have multi-zone prospectivity and are close to the joint venture partner’s owned and operated infrastructure.
ON BEHALF OF AROWAY ENERGY INC.
“Chris Cooper”
President
For further information, please call:
Aroway Energy Inc.: Investor Cubed Inc.:
Judy-Ann Pottinger Telephone: (647) 258-3311,
Telephone: (604) 304-4090
Cell: (604) 617-5290 Toll Free: (888) 258-3323
Fax: (604) 909-2679 Fax: (416) 363-7977
E-mail: jpottinger@arowayenergy.com E-mail: info@investor3.ca
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. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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Calgary, Alberta, June 14, 2011 – AROWAY ENERGY INC. (TSX-V: ARW) (PINK: ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce that drilling operations have begun on the Company’s 3rd well of its 2011 exploration program. The well will be drilled to a depth of 1,225 meters targeting oil in the base of the Debolt formation. The multi-prospective well will penetrate 4 additional stacked zones before reaching the target formation. The Company is paying 50% of all costs associated with this well to earn a 50% interest in the well.
Company President Chris Cooper commented, “This is the 3rd of a possible six to eight wells we have planned for our 2011 drill program. We are optimistic this will be a successful oil well based upon the multi-prospectivity of this well with the 4 stacked zones in addition to the target formation.”
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in “non-operated” Peace River Arch oil and gas exploration prospects, through a joint venture partnership. All of the planned exploration and/or development wells to be drilled are defined by 3-D seismic, have multi-zone prospectivity and are close to the joint venture partner’s owned and operated infrastructure.
ON BEHALF OF AROWAY ENERGY INC.
“Chris Cooper”
President
For further information, please call:
Aroway Energy Inc.: Investor Cubed Inc.:
Judy-Ann Pottinger Telephone: (647) 258-3311,
Telephone: (604) 304-4090
Cell: (604) 617-5290 Toll Free: (888) 258-3323
Fax: (604) 909-2679 Fax: (416) 363-7977
E-mail: jpottinger@arowayenergy.com E-mail: info@investor3.ca
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. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA04268T1057">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA04268T1057</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.