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Aroway Energy Inc ARWJF

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

Bullboard Posts
Comment by green_CCZon May 05, 2014 11:26am
192 Views
Post# 22524632

RE:RE:Kerrobert drilling ...

RE:RE:Kerrobert drilling ... nobody will exercise any warrants under .30, so the share price has to move up for that to happen ... and by the way, I didn't see yet on TSX site any bulleting to confirm the warrants re-price and extension was approved by TSX ...

last bulleting is from Oct 2013:
https://www.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=CompanyDocuments&PO_ID=11702&BulletinsMode=on&NoticeCategory=&NoticeTypes=&StartMonth=10&StartDay=4&StartYear=2013&EndMonth=5&EndDay=5&EndYear=2014&x=22&y=12


I agree, the share price is dissapointing, but I don't think there is any manipulation, just people losing patience ... looking at past news, it seems there is actually a 2 months "stabilizing production" period between the times a well is completed and production is announced ...

last Kirk well was anounced on Dec 19, 2013 as completed, and 100boed flow rate was announced with Feb 13, 2013 news ...

the new W.Hazel well was announced as completed on Apr 8, and stabilized flow not yet confirmed ... probably we'll get some news by the end of this month ...


Bullboard Posts