Aroway Energy Inc. (TSXV:ARW,OTCQX:ARWJF) announced that it has entered an agreement through which it will acquire particular oil and gas properties located near Kirkpatrick Lake, Alberta from 1316751 Alberta Ltd., a private company.
Aroway Energy Inc. (TSXV:ARW,OTCQX:ARWJF) announced that it has entered an agreement through which it will acquire particular oil and gas properties located near Kirkpatrick Lake, Alberta from 1316751 Alberta Ltd., a private company.
As quoted in the press release:
Aroway will drill two test wells targeting the ellerslie formation before the end of 2012 to earn a 100% working interest subject to a 7% override on 100% of production. The ellerslie prospects have been selected off of 3D seismic data, and are in a very prospective light oil fairway with an offsetting pool having produced in excess of 1.39 million barrels of oil. Aroway believes there may be three (3) additional wells to be drilled provided the initial test wells are productive. The ellerslie wells are approximately 1100 meters deep with all-weather access and pipeline and third party infrastructure nearby. In addition to the ellerslie play, Aroway will also own all the oil rights including the Viking formation rights, which nearby operators are actively drilling horizontal Viking formation wells in the area.
Click here to read the full Aroway Energy Inc. (TSXV:ARW,OTCQX:ARWJF) press release.Â
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1838.64 | +7.63 | |
Silver | 21.50 | +0.36 | |
Copper | 3.78 | +0.03 | |
Palladium | 1930.50 | +53.50 | |
Platinum | 914.50 | +3.50 | |
Oil | 107.21 | -0.41 | |
Heating Oil | 4.18 | -0.06 | |
Natural Gas | 6.10 | -0.12 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â