Aroway Energy Inc. Completes Facility and Resumes Production at West Hazel
27 March 2014 - 11:30PM
Access Wire
CALGARY, ALBERTA / ACCESSWIRE / March 27, 2014 / AROWAY
ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the
"Company") is pleased to announce that the facility
installation and drilling of the produced water disposal well at
its 100% owned and operated West Hazel property is now
complete. Aroway's existing wells have been tied-in via
pipeline to the new disposal well, oil battery and water disposal
facility which has also been completed. Production from the
property has begun and all wells are expected to be up and running
with stable production over the next 2 weeks.
Chris Cooper, President & CEO commented, "I am
extremely pleased with the Aroway team's ability to complete the
West Hazel project on time and on budget. The new facility
will immediately cut our operating costs per barrel in half, to
approximately $14 per barrel or better in conjunction with
extending the economic and reserve life of the wells.
Furthermore, we plan on optimizing the production of this property
with infill drilling over the coming months"
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 100% working interest,
operated heavy oil producing property in West Hazel,
Saskatchewan, and a 100% working interest, operated
light oil producing property in Kirkpatrick Lake in Central
Alberta, as well as it has access to a large contiguous
prospective land base in the Kerrobert area of West Central
Saskatchewan. Through a joint venture partnership, Aroway
also owns a 50% working interest property in the Peace River Arch
of Northern, Alberta with 80 sections (51,200 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.:
Chris Cooper,
President & CEO
Toll Free: 1-855-427-6929
E-mail: cooper@arowayenergy.com
Aroway Energy Inc.:
Judy-Ann Pottinger
Toll Free: 1-855-427-6929
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.
SOURCE: Aroway
Energy Inc.
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