energy stock news

Thursday, July 21, 2011

Energy Stocks; Aroway Energy Inc. (TSX-V:ARW; PINK:ARWJF) Acquires Land

CALGARY, ALBERTA - July 21, 2011 ( energy stocks newswire) � Aroway Minerals Inc. (TSX-V:ARW; PINK:ARWJF) ( (the "Company") Reports that the Company together with its Joint Venture Partner (the "Partnership") was successful in acquiring fifteen (15) sections of land, consisting of thirteen (13) sections of shallower rights with drill depths to 1,500 meters and two (2) sections of deeper rights, at a recent Alberta crown land sale. The newly acquired lands are adjoining the Partnership's existing core area land holdings and approximately half the lands are covered with seismic data. Aroway now has access to approximately 90 sections of rights.
Due to heavy rains in the area, testing on the Company's third well of the 2011 drill program has been delayed. Testing operations on the third well will therefore begin later this week followed by a re-completion program on the various recently acquired wellbores. Production results will be released on this well, and the recompletions when the wells have produced at reliable, economic rates.
Chris Cooper, President & CEO, commented, "We are extremely pleased with the results at the recent land sale. The addition of the new lands compliment the already impressive and highly prospective land package that we have access to in our core area in the Peace River Arch."
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership. Aroway is currently producing approximately 225 boe/day of oil, gas liquids and gas net to Aroway
Chris Cooper, President
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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.
Judy-Ann Pottinger
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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