One-Page Deal Sheet
Aroway Energy Acquires 265 Barrels Oil Day
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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.
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