JonnyRBuck12
6 years ago
Hillcrest produces 150 bpd of oil at West Hazel
2019-03-21 11:06 MT - News Release
Mr. Donald Currie reports
HILLCREST OIL PRODUCTION CLIMBS
Hillcrest Petroleum Ltd.'s upgraded West Hazel production facility is in operation, as previously announced, and production started from two wells on Jan. 13, 2019, and Jan. 15, 2019, respectively. Initial fluid production rates from both wells were as expected. Production from a third well was brought on-line in early March when weather conditions softened after an extreme record-breaking cold snap.
Production over the last five days from the three wells has averaged 150 barrels per day which meets the lower production estimates the company published in its previous releases, although those estimates considered production from all four wells. Hillcrest is encouraged by the early results, which are meeting or exceeding previous estimates. The company is focused on efforts to maximize the production from the current wells and is further upgrading the potential of the injector well, which in turn, if successful, could result in higher production numbers from the current three wells. A normalized sustained production rate is expected to take another three weeks to four weeks and will be released when achieved.
Hillcrest will move to work on and start production from the fourth well once current efforts have been completed, results reviewed and a rig is available.
As previously announced, under the terms of its joint venture agreement on the West Hazel property, the company will provide 100 per cent of reactivation costs to return the field to production to earn a 75-per-cent working interest, reverting to 50 per cent after recovery of reactivation costs.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
6 years ago
Hillcrest Petroleum begins oil production at West Hazel
2019-01-17 13:22 MT - News Release
Mr. Donald Currie reports
SASKATCHEWAN OIL PRODUCTION OPERATIONS UPDATE
Hillcrest Petroleum Ltd.'s upgraded West Hazel production facility is now in operation. Production started from two wells on Jan. 13, 2019, and Jan. 15, 2019, respectively. Initial fluid production rates from both wells are as expected. Production from the remaining two wells will be brought on line after workovers on these wells are completed.
The company's previously announced plans to restore production from the West Hazel field has been completed on budget. Oil production from the four wells is expected to stabilize between 150 barrels per day to 250 barrels per day, with potential to increase to 500 barrels per day through further, previously unidentified field development activities, including well recompletions and development drilling. Production facilities, which include an integrated water injection system, have been upgraded to increase the fluid handling capacity in anticipation of higher production volumes. Increased capacity through production facility upgrades are expected to substantially reduce operating costs per barrel of oil as production increases with field development.
As previously announced, under the terms of its joint venture agreement on the West Hazel property, the company will provide 100 per cent of reactivation costs to return the field to production to earn a 75-per-cent working interest, reverting to 50 per cent after recovery of reactivation costs.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Icemanbw
12 years ago
News
www.arowayenergy.com
Please find below today's news release, March 13, 2013 concerning Aroway Energy Inc. (TSX-V: ARW; OTCQX:ARWJF)
AROWAY ENERGY INC. DRILLS NEW OIL WELL
IN SOUTHERN ALBERTA
March 13, 2013
Calgary, Alberta, March 13, 2013 β AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the βCompanyβ) is pleased to announce it has drilled and cased an exploration test well on its 100% owned and operated property in the Little Bow region of Southern Alberta. The 1500 meter light oil exploration test well, targeted and encountered prospective deep horizons as well as a shallower upper Manville target. Aroway is managing the exploration risk of this well by farming out a portion to an industry partner resulting in Aroway paying 63.5% of all costs associated with this well to maintain a 75% interest of all the revenue from this oil exploration test well. Aroway will commence production testing when ground and local municipal conditions permit.
Chris Cooper, President & CEO commented, βWe are very encouraged with the logs from this exploration test well which is a step out from the prolific Little Bow Upper Manville Pool, which has produced over 12 million barrels of oil to date and is currently in the process of tertiary recovery. Heading into spring break-up, we will be finalizing our 2013 exploration and development program and look forward to production testing our new well in Little Bow.β
ABOUT AROWAY ENERGY INC.
Aroway Energy Inc. is a Western Canadian junior oil focused production and Exploration Company participating in oil development & exploration prospects in Alberta and Saskatchewan, Canada. Through a joint venture partnership in the Peace River Arch of Northern, Alberta, Aroway and its Partner have assembled a land package of 110 sections (70,400 acres) with 3D seismic coverage over almost all of its lands. All exploration and development targets are in close proximity to tie-in, gathering and plant infrastructure, controlled and owned by Arowayβs Joint Venture Partner. Aroway also has 100% operated working interest on a 3D seismically defined exploration property in Central Alberta and a highly economic heavy oil producing property in West Hazel, Saskatchewan.
ON BEHALF OF AROWAY ENERGY INC
βChris Cooperβ
President & CEO
Company Contacts:
Chris Cooper, President & CEO
Toll Free: 1-855-427-6929
E-mail: cooper@arowayenergy.com
Judy-Ann Pottinger, Director of Communications
Toll Free: 1-855-427-6929 Mobile: 604-617-5290
E-mail: jpottinger@arowayenergy.com
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. A conversion ratio of 1 barrel of oil equivalent (βboeβ); 6 Mcf has been used, which is based on an energy equivalency conversion method primarily applicable at the burner tip and does not necessarily represent a value equivalency at the wellhead. Boes may be misleading, particularly if used in isolation
The Company's website can be found at: www.arowayenergy.com for more information. If you have any questions or wish additional information, please feel free to contact Judy-Ann Pottinger. if you know anyone who would like to be added to Aroway Energy Inc.βs email update list, please have them contact us directly. Further updates will be forthcoming.
If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click here.
Icemanbw
12 years ago
From Zero to Hero in Two Years: How This Little Junior Explorer Outsmarted Much Bigger and Deep-Pocketed Competition (CNQ, BNP, BIR, AEWJF)
By James E. Brumley
Mar 8, 2013 6:11:40 AM PST
In the northern part of Alberta, Canada, there's not much.... at least not above ground. Under the ground, however, companies like Canadian Natural Resource Ltd (NYSE:CNQ), Birchcliff Energy Ltd. (TSE:BIR), and Bonavista Energy Corp. (TSE:BNP) know there's million and million of barrels of oil there. It's just a matter of digging it up (though that's not necessarily a 'simple' matter). Yet, somehow several major oil names have let key oil well prospects slip through their fingers in northern Alberta, yielding them to a junior explorer named Aroway Energy Inc. (PINK:ARWJF). Funny thing is, Aroway has already done far more with these drilling prospects than Bonavista, Birchcliff Energy, or Canadian Natural Resource probably ever figured could be done with them, and the best is yet to come.
All told, Aroway Energy Inc. owns 110 sections of oil-producing land - about 70,000 acres worth - peppered all across the Peace River Arch in northern Alberta. What's interesting is that these 110 sections aren't necessarily contiguous; they're peppered in between oil-producing lands owned by some major names who, for one reason or another, didn't want to develop wells there, or who didn't think there was enough oil on them to begin with. Big mistake.
By carefully choosing which properties to buy and which to pass, ARWJF has pieced together an oil well network that's producing 650 barrels of oil per day, with more wells in development.
The fact that Aroway Energy is finding oil on properties other drillers didn't want isn't the compelling part of the story. Rather, it's the way it's going about drilling for oil - and selecting well locales in the first place - that investors should appreciate.
To call ARWJF a 'junior explorer' may not be off-base given the company's market cap of $25 million and its age; it only went into operation in late-2011. But, whereas most junior oil explorers are willing to drill anywhere and everywhere at almost any cost (whether the odds of finding oil or are high or low), Aroway has always made a point of establishing wells at virtually-certain prospects, but only of it wouldn't cost a proverbial arm and a leg to extract it. The end result is a payback period that's measured in months rather than years.
More specifically, Aroway Energy's CEO Chris Cooper doesn't like to spend more than $500,000 on drilling and tieing in a new well, and then he'll only commit if he's fairly sure that well can produce at least 70 to 80 barrels per day for several years (with 10 to 15 years being the preferred minimum). Anything less, and the company is likely to not bother, simply because the ROI isn't attractive enough to merit the risk. The end result is a young company producing a total of 1020 barrels of oil every day between its four key properties.
The irony is that the very land in the Peace River Arch that bigger players like Birchcliff Energy Ltd., Bonavista Energy Corp., and Canadian Natural Resource Ltd could have owned (and perhaps did own) is apt to be attractive to them again... though at a premium. ARWJF paid only between $50 to $100 per hectare back in 2010 for most of the 110 sections it owns in the area, but now that working wells have been established there and viability has been proven, the land is worth between $300 to $900 per hectare, all because of Aroway's effort.
CEO Chris Cooper isn't exactly shy about putting the possibility of the buyout on the table either. He suspects when the company reaches on output rate of 1200 barrels per day (likely in the middle of this year), the majors will come knocking, as that's enough to make it worth their time. And if they don't come knocking on his door, he's apt to go knocking on theirs. Either way, ARWJF is a potential target, specifically because it's producing more oil - and doing it sooner - than anybody ever really expected it to. Such an acquisition will be at a premium price, though, to be sure. That's a credit to careful site selection and picky well development.
The chart below shows just how much oil Aroway owns in all the right places in northern Alberta. Most of its sites are in the backyards of bigger oil names operating in Canada, like Canadian Natural Resources, Bonavista Energy, and Birchcliff; an acquisition would be logistically simple for most of those companies.
For more on Aroway, you can review the SCN research report here.
http://www.smallcapnetwork.com/From-Zero-to-Hero-in-Two-Years-How-This-Little-Junior-Explorer-Outsmarted-Much-Bigger-and-Deep-Pocketed-Competition-CNQ-BNP-BIR-AEWJF/s/via/10/article/view/p/mid/1/id/223/
Penny Roger$
13 years ago
~ $ARWJF ~Multi chart fix and On the house shots of DD!! Version 3.2.3
~ Barchart: http://barchart.com/quotes/stocks/ARWJF?
~ OTC Markets: http://www.otcmarkets.com/stock/ARWJF/company-info
~ Google Finance: http://www.google.com/finance?q=ARWJF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=ARWJF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=ARWJF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=ARWJF
Finviz: http://finviz.com/quote.ashx?t=ARWJF
~ BusyStock: http://busystock.com/i.php?s=ARWJF&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=ARWJF&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=ARWJF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ARWJF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=ARWJF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=22730&srchyr=2011&SearchStr=ARWJF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=ARWJF
~ MarketWatch: http://www.marketwatch.com/investing/stock/ARWJF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=ARWJF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=ARWJF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=ARWJF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=ARWJF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=ARWJF&size=l&frequency=60&color=g
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=ARWJF
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=ARWJF
Check those searches for recent ARWJF mentions. If ARWJF is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cARWJFnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=ARWJF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=ARWJF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
---------------------
---------------------
* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> ARWJF <---