davpro, your argument on West Hazel, is actually a really good argument for how brilliant is Chris Cooper find it such a great deals ... he bought it at a great price, lower than the drilling after a good DD on Aroway behalf, and since then the property producing 300boed and is planned to double that by updating and drilling another well by March - April ... 

so Aroway has a really good CEO, is currently producing 1020boed and cash flowing 1 million dollars monthly, and has really good prospects to grow production in the near future ... 

if you don't like it, buy something else ... you cannot change my opinion that ARW is undervalued ... one day you'll probably see, and I'll be in when that aquisition halt will happen ...

good luck!