- Published: 13 June 2011
- Written by Investor Ideas
CALGARY, ALBERTA - June 14, 2011 (Investorideas.com energy stocks newswire) – Aroway Minerals Inc. (TSX-V:ARW; PINK:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that drilling operations have begun on the Company's 3rd well of its 2011 exploration program. The well will be drilled to a depth of 1,225 meters targeting oil in the base of the Debolt formation. The multi-prospective well will penetrate 4 additional stacked zones before reaching the target formation. The Company is paying 50% of all costs associated with this well to earn a 50% interest in the well.
Company President Chris Cooper commented, "This is the 3rd of a possible six to eight wells we have planned for our 2011 drill program. We are optimistic this will be a successful oil well based upon the multi- prospectivity of this well with the 4 stacked zones in addition to the target formation."
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
ON BEHALF OF AROWAY ENERGY INC.
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.
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Contact:
Judy-Ann Pottinger Aroway Energy Inc. (604) 304-4090 or Cell: (604) 617-5290 (604) 909-2679 (FAX) This email address is being protected from spambots. You need JavaScript enabled to view it. www.arowayenergy.com
(647) 258-3311 or Toll Free: (888) 258-3323 Investor Cubed Inc. (416) 363-7977 (FAX) This email address is being protected from spambots. You need JavaScript enabled to view it.
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