Point Roberts, WA - June 27, 2011 (Investorideas.com Newswire) - www.InvestorIdeas.com and its leading Energy investor portals, announces a technical stock trading alert and stock chart for showcase Aroway Energy Inc. (TSX.V: ARW). The stock is trading up over 7% on news and was as high as up over 10% in early morning trading.
Aroway Energy Inc. is junior oil and gas exploration Company focused on high working interest non-operated oil and gas exploration prospects.
Oil and Gas Stocks; Aroway Energy Inc. (TSX-V: ARW; PINK: ARWJF) Announces Increased Oil Production
"CALGARY, ALBERTA - June 27, 2011 (Investorideas.com energy stocks newswire) - Aroway Minerals Inc. (TSX-V:ARW; PINK:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to report that the Company's first well of the 2011 drilling program has been on a stable production for 20 days and is producing oil, natural gas liquids and gas from the targeted Leduc formation. The well was placed on restricted flow rate in late May, and in early June the well began to produce oil. Based on the present well pressures and the operators' conservative production practises, the well is expected to stabilize at a rate of 400 boe/day, 200 boe/day net to Aroway. The oil produced from the well is produced and pipelined to a facility owned by the Company's Joint Venture Partner and well operator. Aroway is paying 50% of all costs associated with this well to earn a 50% interest in the well.
The Company also reports that total depth has been reached on the third well of the 2011 drilling program. The well encountered numerous potential hydrocarbon bearing zones in the Triassic deposits and based on the drilling logs, the well will be evaluated in each of the prospective zones. A 100 meter pipeline tie-in has begun and will be complete in the next week, and the well will be production tested directly into the pipeline. Aroway is paying 50% of all costs associated with this well to earn a 50% interest in the well.”
Full Article: http://www.investorideas.com/CO/ARW/news/2011/06271.asp
About Aroway Energy Inc.:
Contact Aroway Energy Inc
Aroway Energy Inc.
604) 304-4090 or Cell: (604) 617-5290
(604) 909-2679 (FAX)
(647) 258-3311 or Toll Free: (888) 258-3323
Investor Cubed Inc.
(416) 363-7977 (FAX)
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