Pinnacle Activity Ticker
Pinnacle's Featured Oil & Gas Company of 2011, Aroway Energy, Increases 126% Since Introduction
2011 was one of the worst years in the last decade for the TSX Venture - as the exchange is heavily weighted in commodity plays. However, despite the Venture collapsing roughly 40% from peak-to-trough, our Featured Oil and Gas Company, Aroway Energy (ARW:TSXV), has increased by as much as 126% since we introduced it to our members on March 17, 2011. When we introduced Aroway Energy in our 10 page research report, its shares were trading at just $0.33. Just yesterday, Aroway Energy hit an all-time high of $0.75 per share, just in time for the holidays.
Since our coverage was launched on Aroway Energy, its management has delivered on every one of its goals and done so on time. This is the key contributor to why the company has been so successful and why shareholders like ourselves and Pinnacle members have been shown the potential at a tremendous ROI in a bear market.
We will continue to look for Featured Companies with similar biology to Aroway Energy. Management is the single most important asset for a public company during volatile markets.
AROWAY ENERGY’S LATEST NEWS RELEASE
Aroway Energy Inc. Surpasses 2011 Production Target
AROWAY ENERGY INC. (TSX VENTURE:ARW)(PINKSHEETS:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that the Company has met and surpassed its 2011 year end production target of 600 boe/day. Aroway will exit 2011 with net production of 669 boe/day, which consists of approximately 72% oil, 25% gas and 3% natural gas liquids, from the Company's Peace River Arch core area.
Chris Cooper, President & CEO commented, "This is another impressive accomplishment for Aroway Energy and our joint venture partner. Meeting and surpassing our year end production target is further proof that we consistently execute on attaining our goals to the benefit of the Company and our shareholders. Aroway Energy looks forward to continued growth in 2012 with a strategic drill program and the addition of new production."
The Company and its joint venture partner have also recently completed 2 acquisitions in the partnership's core area consisting of varying working interests in 5.5 net sections of land. As part of the acquisitions, the partnership acquired one producing well and four existing well bores which will be included in the 2012 recompletion program.
Furthermore, Aroway reports that the first three wells of the Company's winter drill program have been drilled and cased, with testing operations expected to commence in the coming weeks with results expected by mid to late January 2012.
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in "non-operated" Peace River Arch oil and gas exploration prospects, through a joint venture partnership. The joint venture partnership gives Aroway a rolling option on 101 sections of land.
ON BEHALF OF AROWAY ENERGY INC.
Chris Cooper, President & CEO
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aroway Energy Inc.
President & CEO
Toll Free: 1-855-427-6929
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Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid $50,000 Canadian dollars plus hst for online advertisement coverage on Aroway Energy Inc. for a pre-paid six month agreement. The company (Aroway Energy Inc.) has paid for this service. The online advertisement coverage service includes, but is not limited to, the creation and distribution of reports authored by PinnacleDigest.com about Aroway Energy, as well as display advertisements about the company on our website. At the time our first report on Aroway Energy was distributed to our subscribers (10:20 am pacific standard time on March 17, 2011), we (Maximus Strategic Consulting Inc and our employees and consultants) did not own any shares of Aroway Energy. However, since our coverage began, we (Maximus Strategic Consulting Inc and our employees and consultants) have purchased shares in the company and sold shares in the company. We (Maximus Strategic Consulting Inc and our employees and consultants) may purchase more shares in Aroway Energy without notice to our subscribers. We intend to sell every share we own and may purchase in Aroway Energy for our own profit and without notice to our subscribers. At the time this article was published, we (Maximus Strategic Consulting Inc, our employees and/or consultants) owned shares in Aroway Energy which will be sold without further notice.
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