Aroway Energy Inc. (ARW:TSX-V) - September 20th 2012
Aroway Energy Inc. is a junior oil and gas producer operating in Western Canada. The company has assembled a sizeable land package of 123 sections (78,720 acres) in the Peace River Arch region of NE Alberta.
Based on the company’s current drilling operations and history of success, Aroway appears to be on track to achieve its production forecasts for 2012 and 2013. Cash flow for the current fiscal year ending June 30, 2013 is estimated to be in the range of $7.5 million or $0.14/share.
Key InformationFiscal year-end: June 30
52 Week Price Range: $0.31 - $0.97
Market Capitalization: $31.3 million
2012 Exit Target: 1,200 boepd
Price to f2013e Cash Flow: 4.5
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