• Sign up for the Daily Digest E-mail
  • X
  • LinkedIn
  • See more results

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors

BOE Report

Sign up

See more results

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Aroway Energy Inc. Executes Farm-In at Kerrobert Area of Central Saskatchewan

September 24, 20136:43 AM Marketwired

CALGARY, ALBERTA–(Marketwired – Sept. 24, 2013) – AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce that it has entered into a Farmout Agreement (the “Farmout Agreement“) dated August 30, 2013 with a private oil and gas Company (“Privco“), pursuant to which Privco has agreed to Farmout a 100% interest in 9 sections (5,760 acres) (the “Farmout Lands”) in the Kerrobert area of Central Saskatchewan.

Pursuant to the Farmout Agreement Aroway will fund 100% of the costs to shoot, process and interpret a 3D seismic program and drill a vertical test well. Upon favorable results of the vertical test well, Aroway has agreed to drill, case and complete two (2) horizontal wells. Aroway Energy will earn a 100% working interest in the Farmout Lands subject to a 12% Gross Overriding Royalty payable to the Privco.

“We are eager to begin operations and aggressively exploit our existing owned and operated properties, including our new property in Saskatchewan. We believe this property has all the characteristics of a Company maker. Going forward we will continue to add production while building our land base with a continued focus on our owned and operated portfolio.”

The Farm-in lands are close to key infrastructure including a high grade road, power, gas, a nearby oil terminal and rail. In addition, the property qualifies for the Saskatchewan governments attractive crown royalty incentives of 2.5% on horizontal wells.

ABOUT AROWAY ENERGY INC.

Aroway Energy Inc. is a western Canadian junior oil production and exploration company participating in oil development & exploration prospects in Alberta and Saskatchewan. Aroway operates and owns a highly economic heavy oil producing property in West Hazel, Saskatchewan and has a 100% working interest in a light oil producing property in Kirkpatrick Lake in Central Alberta. Through a joint venture partnership, Aroway has a further land base in the Peace River Arch of Northern, Alberta with over 110 sections (70,400 acres) of 3D seismic coverage on the majority of the land base, with all area infrastructure controlled and owned by Aroway’s Joint Venture Partner.

ON BEHALF OF AROWAY ENERGY INC

Chris Cooper, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. A conversion ratio of 1 barrel of oil equivalent (“boe”); 6 Mcf has been used, which is based on an energy equivalency conversion method primarily applicable at the burner tip nd does not necessarily represent a value equivalency at the wellhead. Boes may be misleading, particularly if used in isolation.

Aroway Energy Inc.
Chris Cooper
President & CEO
Toll Free: 1-855-427-6929
cooper@arowayenergy.com

Aroway Energy Inc.
Judy-Ann Pottinger
Director of Communications
Toll Free: 1-855-427-6929
jpottinger@arowayenergy.com
www.arowayenergy.com

Aroway Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Ovintiv to Host its Second Quarter 2026 Results Conference Call and Webcast on July 24, 2026
  • Pembina Pipeline Announces Positive Final Investment Decision on the Greenlight Electricity Centre
  • Competition Bureau protects competition in retail fuel supply in the Niagara Region
  • Whitecap Resources Inc. announces executive appointment, confirms monthly dividend for July of $0.0608 per share and announces second quarter 2026 results conference call / webcast
  • ARC Resources Ltd. announces that independent proxy advisory firms ISS and Glass Lewis have recommended ARC shareholders vote “FOR” the arrangement with Shell plc

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2026 Stack Technologies Ltd.