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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 jagsfan2on Jul 13, 2015 3:35pm
146 Views
Post# 23919098

RE:What to say........hmmm

RE:What to say........hmmmI hear you & feel your pain. A poster here reported CC told someone on phone, they had just hit 500bbls/day but from the financial report, I took the total gross revenues and divided by 300day/year & a reasonable sale price and came up with less than 300bbls/day. That was when they had sustainable production. Looks now like they still have major water disposal costs plus reduced production time & likely production close to an average of 100bbls/day. Looks to me, that with dropping price of oil, financing will not arrive in time to save ARW.
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