Aroway Energy Inc. (TSX VENTURE:ARW)(OTCQX:ARWJF) announce it has drilled, cased and logged its first well on its 100% owned and operated Kirkpatrick Lake property in Central, Alberta. The well was drilled to a total depth of 1,132 meters targeting the Ellerslie formation. The rig will soon move on to the Company's second exploration location also targeting oil in the Ellerslie formation with drilling operations expected to begin in the next few days. Drilling is expected to be completed before year end with completion in early January 2013. Production rates will be reported once the Company has adequately flow tested the wells and can report stabilized production rates. Aroway anticipates disclosing these results along with Company production by mid-January of 2013.
Chris Cooper, President & CEO of Aroway Energy commented, "We are very encouraged with the initial results from our first well and look to close out our 2012 exploration program with successful results upon completion of our final well of the year."
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More
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Source: http://feeds.oilvoice.com/~r/NorthAmericaHeadlines/~3/yqIaKeDCibc/61373459c971.aspx
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