Growth Strategy

Aroway’s strategy focuses on enhancing shareholder value with oil focused exploration within its core area the Peace River Arch region of Northern Alberta and in its 100% owned and operated projects in the Kirkpatrick Lake area of Central Alberta and West Hazel in Western Saskatchewan.  The Company will continue to fund the drilling of oil focused targets within each of its area of operations to increase the Company’s production and revenue stream. Aroway will balance its exploration program between lower risk long life production conventional plays and well defined high return strategic resource plays. 

Growth

  • Increase shareholder value with focus on growth in production and cash flow
  • Balanced production – managing producing wells to maximize production of oil and natural gas liquids
  • Continue to drill oil focused targets to increase production and revenues
  • Continue to pursue smaller, key crown land purchases and strategic property acquisitions

Core Area Highlights

  • 110 sections of land – all targets 3D seismically defined and close to tie-in
  • Multi-zone/multi-horizon prospectivity on all drill targets
  • Current drill program 100% oil focused
  • Ongoing, low risk re-completion program on existing & purchased well bores
  • Experienced Joint Venture partner/operator with a proven track record in the area
  • Substantial land package surrounded by 5 majors

Competitive Advantage

  • Proven prospect development history delivered through extensive small business relationships, access to experienced geological and geophysical teams and management that delivers results.
  • Ability to raise funds and apply disciplined capital across the strategy at the appropriate time and accretive price to build shareholder value
  • Management and insider ownership aligns the interest with shareholders
  • Business relationships provide access to large array of distress companies/properties
  • Access to infrastructure owned by JV Partners in core property
  • Recognized as a 2012 TSX Venture Top performer with proven track record