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Aroway Energy File 2011 Interim Financial Statements
Feb. 29, 2012 03:22PM PST
Resource Investing News Aroway Energy Inc. (TSXV:ARW) has filed the interim financial statements for the period that ended December 31, 2011.
Aroway Energy Inc. (TSXV:ARW) has filed the interim financial Statements for the period that ended December 31, 2011.
As quoted in the press release:
Key Discussion Points
- Total production for the quarter was 76,936 BOE (79% oil, 14% gas, 7% NGLs) with average production for the quarter ending December 31, 2011 of 434 BOE/day. The Company is currently producing 669 BOE/day.
- Net income of $2,009,584 before depletion & depreciation & stock based compensation (non-cash items).
- Cash Flow from Operations of $0.830-million or $0.02 cents per share.
Click here to read the Aroway Energy Inc. (TSXV:ARW) press release.
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