Communicators
are winners!
News
19.12.2013
Aroway Energy Inc. Continues Drilling Success at Kirkpatrick Lake
Aroway Energy Inc. Continues Drilling Success at Kirkpatrick Lake
Calgary, Alberta, December 19, 2013 – AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce the following update on its most recent oil well at Kirkpatrick Lake in Central Alberta. The well was completed at a total vertical depth of 1,130 meters as an Ellerslie oil well. Equipping operations have begun with a pump jack being installed after which the well will be pipelined tied-in to our existing new pool discovery well to begin oil production. Production rates on this well will be released once stabilized production flow rates have been collected.
Chris Cooper, President & CEO of Aroway Energy commented, “We have high expectations for this well and believe it will be an equally good producer as our existing producing oil well in Kirkpatrick Lake. We are working to have the well fully equipped, tied-in and producing as soon as possible, which will add material oil production and a significant increase in oil revenue as we begin our third quarter.”
This is the second successful oil well drilled at Aroway’s 100% owned and operated core area in Kirkpatrick Lake.
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
For further information, please contact:
Aroway Energy Inc.: Aroway Energy Inc.:
Chris Cooper, President & CEO Judy-Ann Pottinger
Toll Free: 1-855-427-6929 Toll Free: 1-855-427-6929
E-mail: cooper@arowayenergy.com E-mail: jpottinger@arowayenergy.com
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.
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.
Calgary, Alberta, December 19, 2013 – AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce the following update on its most recent oil well at Kirkpatrick Lake in Central Alberta. The well was completed at a total vertical depth of 1,130 meters as an Ellerslie oil well. Equipping operations have begun with a pump jack being installed after which the well will be pipelined tied-in to our existing new pool discovery well to begin oil production. Production rates on this well will be released once stabilized production flow rates have been collected.
Chris Cooper, President & CEO of Aroway Energy commented, “We have high expectations for this well and believe it will be an equally good producer as our existing producing oil well in Kirkpatrick Lake. We are working to have the well fully equipped, tied-in and producing as soon as possible, which will add material oil production and a significant increase in oil revenue as we begin our third quarter.”
This is the second successful oil well drilled at Aroway’s 100% owned and operated core area in Kirkpatrick Lake.
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
For further information, please contact:
Aroway Energy Inc.: Aroway Energy Inc.:
Chris Cooper, President & CEO Judy-Ann Pottinger
Toll Free: 1-855-427-6929 Toll Free: 1-855-427-6929
E-mail: cooper@arowayenergy.com E-mail: jpottinger@arowayenergy.com
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.
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.