Arroway Energy Inc. (CVE:ARW) reported that it is ahead of schedule on its 2011 year end production target of 600 boe/day.
Arroway Energy Inc. (TSXV:ARW) reported that it is ahead of schedule on its 2011 year end production target of 600 boe/day.
The press release is quoted as saying:
Aroway expects to surpass its 2011 production target before year-end as the Company continues its recompletion program and the partnership’s latest drilled wells are tested and brought online.
Aroway Energy Inc.’s President & CEO, Chris Cooper, commented,
“This is a tremendous accomplishment for Aroway Energy and our joint venture partner. We have worked diligently to ensure we meet all of our targets and expectations that we communicate to our shareholders. The Company’s growth over the past year from a small 4 section farm-in with no production, to almost surpassing our year-end target today coupled with our rolling option on 96 sections of land with 3 months remaining in 2011 is a formidable achievement.”