RE:Valuationcompany had 1200boed prod at one point, I suggest you should watch this interview with the CEO to understand why Aroway had to shut it down a well from a big flow for 3 months at 50 boed, after which Kirkpatrick wells beeing restricted to max 240boed each on the new oil pool discovered ...
https://www.arowayenergy.com/investors/media-and-newsletter-coverage
last few months Aroway paid down debt, from 4.7mil at begining 2013 to around 1.1mil currently, and soon to be zero
last 2 quarters net positives, last quarter prod 545boed from 1 well at Kirk and 3 wells at W.H.
At Kirkpatrick a new oil well was drilled and completed and started producing in Jan 2014, resulting in Kirkpatrick prod increase (2 wells)
At West Hazel, upgrades completed on time and budget, resulting in better production/reserves, significant lower cost and more wells - 2 more to be turned on if they are not yet, and 1 new oil well according to my DD. Going forward I expect a much better prod from West Hazel.
Share price didn't increase yet after any of these results, developments, assets upgrades etc. , but in my opinion it will sooner than later ...
in my opinion only, the share price should be in the .60s, but of course market has to agree with me ... hopefully soon ... do your DD, and good luck!