Aroway Energy Inc

March 03, 2011 08:31 ET

Aroway Energy Inc. Begins 2011 Drill Program

CALGARY, ALBERTA--(Marketwire - March 3, 2011) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(PINK SHEETS:ARWJF) ( (the "Company") is pleased to announce that the Company has begun drilling operations on its first well of the Company's 2011 Peace River Arch exploration drilling program. The 3D seismically defined multi-zone prospective well is located on the newly acquired lands announced by the Company on February 14, 2011. The well is targeting the Leduc formation at a depth of approximately 2,300 meters. The drilling operations of this well are being operated by the Company's joint venture farm in partner with the Company paying 50% of all costs associated with this well to earn a 50% interest in the well. This exploration well is expected to take approximately 17 days to reach total depth.

This is the first of a possible six wells planned for the 2011 drill program. All of the planned exploration and / or development wells to be drilled are defined by seismic, have multi-zone prospectivety, and are close to infrastructure.

About Aroway Energy Inc.

Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership.


Chris Cooper, President

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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