AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (the "Company") is pleased to announce the following update on its most recent oil well at Kirkpatrick Lake in Central Alberta. The well was completed at a total vertical depth of 1,130 meters as an Ellerslie oil well. Equipping operations have begun with a pump jack being installed after which the well will be pipelined tied-in to our existing new pool discovery well to begin oil production. Production rates on this well will be released once stabilized production flow rates have been collected.
Chris Cooper, President & CEO of Aroway Energy commented, "We have high expectations for this well and believe it will be an equally good producer as our existing producing oil well in Kirkpatrick Lake. We are working to have the well fully equipped, tied-in and producing as soon as possible, which will add material oil production and a significant increase in oil revenue as we begin our third quarter."
This is the second successful oil well drilled at Aroway's 100% owned and operated core area in Kirkpatrick Lake.
