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Aroway Energy Inc ARWJF

Energy Oil & Gas E&P
Aroway Energy Inc is engaged in the exploration and development of oil and gas properties. Its operations take place in Canada, Alberta.


GREY:ARWJF - Post by User

Aroway Energy Inc
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Comment by davproon Jun 12, 2013 3:37pm
109 Views
Post# 21516756

RE: RE: RE: letsgetready

RE: RE: RE: letsgetready

Yeah thats what has me a bit confused, for example: lets assume that they will gross 1 million per month. From that you have to subract royalties and production costs. which according to the last financials was 20% and 40% of the gross leaving 40% less sg&a for reinvestment. That would only cover a portion the cost of West Hazel but they are committed to doing much more than that so how could they manage to pay for it? 

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