Aroway Energy Inc. Continues Drilling Success at Kirkpatrick Lake
20 December 2013 - 12:30AM
Marketwired
Aroway Energy Inc. Continues Drilling Success at Kirkpatrick Lake
CALGARY, ALBERTA--(Marketwired - Dec 19, 2013) - AROWAY ENERGY
INC. (TSX-VENTURE: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
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.
Aroway Energy Inc.Chris CooperPresident & CEOToll Free:
1-855-427-6929cooper@arowayenergy.comAroway Energy Inc.Judy-Ann
PottingerToll Free:
1-855-427-6929jpottinger@arowayenergy.comwww.arowayenergy.com
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