AROWAY ENERGY INC. 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.

Tags: AROWAY ENERGY INC.