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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 whitehorn1on Nov 19, 2015 12:54am
106 Views
Post# 24303935

RE:Well Thurston

RE:Well ThurstonThe way I see it, I'll wait for the funding, which has been in talks ever since I bought into ARW April 2013. It appears there is a grace period till Dec 30, and will then know the ultimate fate of ARW. A valid question - what is different now to close this deal in 6 weeks time vs the last couple of years in a "better" oil environment. Anyways, if they get the funding then my suggestion would be to buy stressed existing producing properties at low prices, as makes no logical sense to be drilling oil at these prices. Also, if no funding occurs this company is bankrupt and will be delisted from the exchange.
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