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One-Page Deal Sheet

Aroway Energy Acquires Oil Producing Assets In Western Saskatchewan

Aroway Energy Inc. Not Disclosed
AnnouncedDec 3, 2012
TypeProperty
Announced Date
December 03,2012
Effective Date
November 01,2012
Close Date
December 04,2012
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. has closed its property acquisition, for the purchase of oil producing assets in the West Hazel area of Western Saskatchewan from certain private vendors. The acquisition includes production of approximately 300 barrels of oil per day, the wells and all surface facilities on 200 acres of land of which Aroway will own and operate 100%. The purchase price for these producing assets was $2,769,000, subject to adjustments, including 27 days of production as of the effective date of Nov 01, 2012.

The acquisition will add immediate production of approximately 300 barrels of oil…

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