Aroway Energy Inc. Commences 3D Seismic Program at Kerrobert
24 January 2014 - 12:30AM
Marketwired
Aroway Energy Inc. Commences 3D Seismic Program at Kerrobert
CALGARY, ALBERTA--(Marketwired - Jan 23, 2014) - AROWAY ENERGY
INC. (TSX-VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the
"Company") is pleased to announce that operations are well underway
on a 3D seismic acquisition program over its farmin lands in the
Kerrobert area of central Saskatchewan. Aroway will carry out the
seismic operations over a 21 section area (13,440 acres) covering
the lands on both of Aroway's farmin agreements. Aroway's
contiguous farmin lands consist of 18 sections or portions of
sections of freehold land (approximately 8,800 acres) held by a
major independent oil producer and approximately 11.5 sections
(7360 acres) held by a private oil and gas company. The 3D seismic
program is the initial step towards completing certain commitments
under both of Aroway's farmin agreements under which Aroway can
elect to earn a 100% working interest subject to a royalty.
Chris Cooper, President & CEO commented, "We have now
commenced material activity at Kerrobert with a program which is a
priority to Aroway as it satisfies our initial work commitments
under both of our farmin agreements. The results of the 3D survey
will dictate the forward drilling program, and most importantly
provide insight into the conventional targets that we feel are rife
in this exploration area."
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, owns a 100% working interest in a light oil
producing property in Kirkpatrick Lake in Central Alberta as well
as a large contiguous land base in the Kerrobert area of West
Central Saskatchewan. Through a joint venture partnership, Aroway
also owns 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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