Auszüge aus Facts Sheets:
http://www.arowayenergy.com/i/pdf/FactSheet.pdf
Share Structure
Shares Outstanding: 35.0 million
Fully Diluted: 56.0 million
Share Price (May/17/2011): $0.27
Market Capitalization: $8.34 million
52 Week High/Low: $0.45 / $0.27
Insider Ownership: 21.9%
Aroway Energy Inc. (ARW – TSX.V) is a Western Canadian junior oil
and gas Production and Exploration Company focused on participating
in “non-operated” Peace River Arch oil and gas exploration
prospects, through a Joint Venture Partnership. The exploration
program is targeting oil/liquids rich gas reserves with up to 10
prospective zones penetrated down to the target zone.
Aroway is currently producing approximately 225 BOE per
day.
Competitive Cost Structure Area
Operating costs of $9.00 per barrel for oil and a $1.05 per mcf
gas
High net backs: greater than $60 per barrel oil and liquids, $2.35
per mcf gas
Low finding and development costs: $7 per barrel oil and $0.50 per
mcf gas
Cash flowing with current production of over 200 boes/day
Targeting
300% production increase by end of 2011Significant
inventory of drill ready locations
Access to 79 sections of land – all targets are close to
infrastructure tie-in
Multi-zone/multi horizon prospectivity on all drill targets
Core area advantage – The Peace River Arch
Experienced joint venture partner-operator
Proven track record in the Peace River Arch
Exit strategies clearly identified
Land package surrounded by majors – prime take out target???