Aroway Energy CEO Chris Cooper Talks about Oil and Gas Production Ramp-up in Alberta's Peace Arch Basin
(Thomson Reuters ONE) -
Aroway Energy (TSX.V:ARW) (OTCQX:ARWJF) (Frankfurt: A7X1) CEO Chris Cooper is
the guest on Midas Letter Money in this segment shot in Vancouver, BC. Cooper
describes how Aroway's goal of achieving production of 2,000 barrels of oil per
day is right on track. The company has met or exceeded its stated milestones
virtually every step of the way.
Aroway is focused on the Peace Arch basin of north central Alberta, and is
surrounded on all sides by much larger intermediate and major producers such as
Birchcliff Energy Ltd. (TSX:BIR), Canadian Natural Resources (TSX:CNQ), Crescent
Point Energy (TSX:CPG) and Shell Canada (NYSE:RDSA). Aroway expects to exit
2012 with production of at least 1,200 BOE/d.
Click on the image (or copy and paste the link into your browser window) below
to watch the video in a new browser window:
http://www.midasletter.com/index.php/aroway-energy-ceo-chris-cooper-talks-about-
oil-and-gas-production-ramp-up-in-albertas-peace-arch-basin/
The full transcript of the interview is available
here: http://www.midasletter.com/index.php/aroway-energy-ceo-chris-cooper-talks-
about-oil-and-gas-production-ramp-up-in-albertas-peace-arch-basin/
About Aroway Energy
Aroway Energy Inc. is a western Canadian junior oil and gas production and
exploration company participating in oil exploration prospects through a joint
venture partnership. Aroway and its Partner have assembled an impressive land
package of 121 sections (77,440 acres) with 3D seismic coverage over 75% of its
lands, all within its core area, the Peace River Arch. All of the Company's
exploration and development targets are in close proximity to tie-in, gathering
and plant infrastructure, controlled and owned by Aroway's Joint Venture
Partner. Aroway is currently producing approximately 650 boe/d (90% oil) and an
additional 200 boe/d of shut in natural gas.The Company's 2012 drill and
recompletion program will resume after spring break up. Aroway expects to exit
2012 with total production of approximately 1,200 boe/d.
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources
and the public companies who seek for and develop them. Hosted by James West and
distributed to 450,000 installed subscribers to the Thomson Reuters Insider
platform, the show is available at insider.thomsonreuters.com or at
http://www.midasletter.com
Contact: James West
midasletter(at)midasletter.com
http://www.midasletter.com
(416) 598-9181
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 10.05.2012 - 16:40 Uhr
Sprache: Deutsch
News-ID 145266
Anzahl Zeichen: 3347
contact information:
Town:
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Kategorie:
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"Aroway Energy CEO Chris Cooper Talks about Oil and Gas Production Ramp-up in Alberta's Peace Arch Basin"
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