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One-Page Deal Sheet

Aroway Energy Acquires 265 Barrels Oil Day

Aroway Energy Inc. Not Disclosed
AnnouncedNov 8, 2012
TypeProperty
Announced Date
November 08,2012
Effective Date
November 01,2012
Close Date
November 27,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
3




Snapshot
Net Acres
Location
Region
Canada

Country
Canada

Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Transaction Details:  Subscribe to see

AROWAY ENERGY INC. is pleased to announce that the Company has entered into an agreement to acquire oil producing assets from certain private vendors in Western Saskatchewan. The acquisition includes production of 265 barrels of oil per day, the wells and all surface facilities on 200 acres of land of which Aroway will own 100%.

The purchase price for the producing assets is $2,769,000 with a scheduled closing of the acquisition on November 27, 2012. The acquisition will be funded through the Company’s credit facility and its current cash with an effective date of November 1, 2012.

Key attrib…

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