Aroway Energy Inc.

Aroway Energy Inc. is a Canadian junior oil-focused production and exploration company participating in oil development and exploration prospects in Alberta and Saskatchewan, Canada. Through a joint venture partnership in the Peace River Arch of Northern, Alberta, Aroway and its partner have assembled a land package of 110 sections (70,400 acres) with 3-D seismic coverage over almost all of its lands. All targets are in close proximity to tie-in, gathering and infrastructure owned by Aroway's partner. Aroway also has 100%-operated working interest on a 3-D seismically defined exploration property in Central Alberta and a highly economic heavy oil producing property in Western Saskatchewan.

Expert Comments:

"Aroway Energy Inc. has a heavy oil property in Saskatchewan, a light oil property in central Alberta and owns land in the Kerrobert area of west-central Saskatchewan. This story fascinates me because the company is 4–6 weeks away from drilling its Kerrobert area. Back in April, this stock was trading at CA$0.28, today it's at about CA$0.25. Yet the company is three months closer to potentially finding a blockbuster field. Located just 5–6 miles away, a private company called Caltex Resources is producing a reported cumulative 4,000 barrels/day from dozens of wells. If Aroway hits in late August, the stock could double or triple in subsequent months." read more >

James West, Midas Letter (4/11/14)
"Aroway Energy Inc. has all the ingredients for a dramatic rise in production and revenue. For risk-tolerant investors seeking exposure to conventional and enhanced oil and gas plays in the Western Canadian Sedimentary Basin, Aroway is attractively priced."

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