Exploration & Production
Aroway Energy Inc. To Drill Third Well in The Leduc formation
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AROWAY ENERGY INC. is pleased to provide the following operations update. The first 2 wells of the Company's 2012 summer drill program have been drilled and cased and drilling operations have begun on the Company's 3rd well. The 3rd well will be drilled to a depth of approximately 2,422 meters targeting the base of the Leduc formation. Drilling operations on the 4th well will commence immediately after the 3rdwell. Testing on all four wells will follow the completion of the drilling operations. Aroway is paying 50% of all costs to earn a 50% interest in the wells.
Chris Cooper, President & CEO commented, "We are very pleased with the drilling progress made thus far on the first phase of our 8 well summer drill program. We are confident the program will add economic production resulting in…
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