Aroway Energy Inc. Continues Drilling Success in 2011
Aroway Energy Inc. (CVE:ARW) updates on the company’s 2011 joint venture drilling operations in the Peace River Arch area of Alberta.
Aroway Energy Inc. (TSXV:ARW) updates on the company’s 2011 joint venture drilling operations in the Peace River Arch area of Alberta.
The press release is quoted as saying:
The Company’s first well of the 2011 exploration program has now been drilled, cased and completed and is awaiting pipeline tie-in. This multi-prospect exploration well was drilled to an approximate depth of 2300 meters targeting the Leduc formation. The Company is paying 50% of all costs associated with this well to earn a 50% interest in the well. Upon completion of the tie-in to its joint venture partner’s pipeline and facilities, stabilized production numbers for this successful well will be released.