Aroway Energy File 2011 Interim Financial Statements

- February 29th, 2012

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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