Sorry not sure what happened the link was suppose to be this article.
The reason is its a stock house heading that says" oil and gas junior 3819% increase in gross revenues"
How exactly do they come up with that? The heading showed up on the PSN website.
AROWAY ENERGY INC. ANNOUNCES 2012 YEAR-END PRODUCTION
February 13, 2013
Calgary, Alberta -- AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the “Company”) is pleased to announce the Company’s 2012 year-end production rate of 1,020 barrels of oil equivalent per day (“boe/d”) with 90% oil weighting and an additional 100 boe/d of natural gas currently behind pipe.
Chris Cooper, President & CEO commented, “Today’s production announcement is a remarkable achievement and a reflection of the hard work by both our joint venture partner and the Aroway Energy team to grow the Company’s production from 0 to a major milestone of 1,020 boe/d in just 27 months. 2012 was a year of success as our exit production rate was up 53% from last year; we increased interest in assets and new oil discoveries coupled with strategic acquisitions. We are confident our endeavors from 2012 will result in increased reserve value and increased shareholder confidence.”
Moving forward into 2013 operations, Aroway will continue with its joint venture partner on its 110 sections of land in Northern Alberta’s Peace River Arch. We have a large inventory of 3D seismically defined exploration and development targets identified throughout our entire land base which we will aggressively pursue throughout 2013. The Peace River Arch is one of the most desirable light oil and natural gas liquids drilling areas in North America.
At our West Hazel property in Saskatchewan, Aroway Energy plans to drill two new wells and upgrade its facilities as management believes it can almost double the current production of approximately 300 bbls/d. Furthermore, Aroway is pleased to report that is has begun transporting its existing production from its West Hazel property via rail, resulting in an additional $9 per barrel being added to its monthly netback.
Aroway plans to leverage its strong cash flow and will be active in the acquisition market capitalizing on the opportunities the Company believes will become available throughout 2013.