Aroway Energy Inc ARWJF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Be nice

[green_CCZ]

"... scheduled to be debt free in July of this year. "

"Aroway’s most recent financial statement for the 6 months ending December 31st, 2013 demonstrate the company’s improving economics as follows:

• Total production for the six month period was 85,777 BOE, a 109% increase versus 40,955 BOE from same period of 2012;
• Achieved gross revenue of $6,345,983 for the six month period ending December 31, 2013, compared to $2,557,934 in the same period of 2102, an increase of 148% period over period;
• Achieved positive net adjusted income of $1,997,664, or $0.03 per share for the six month period compared to adjusted net loss of $61,976, or $0.00 per share in the same period of 2012;
• Achieved net income of $541,230 for the six month period ending December 31, 2013, compared to a net loss of $879,801 in the same period of 2012
• Achieved Cash Flow from Operations of $3,422,993 or $0.055 per share, representing a 141% increase from the comparative six month period of 2012;
• Reduced credit facility debt by $2,150,000;"

https://www.midasletter.com/2014/04/aroway-energy-inc-tsx-varw-research-report/