Aroway Energy Inc. announced that the company continues to operate through this lower oil price period at the company's West Hazel heavy oil property in Saskatchewan. The wells at West Hazel were temporarily shut-in for maintenance during the lowest price /netback period, and operations to get the wells back producing are currently underway. The heavy oil field is expected to be producing at full capacity within the next few weeks as the wells production rates are increased to a level that reaches stable consistent production.

Production at the company's Kirkpatrick Lake light oil property in Central Alberta has been shut-in while the company explores a more suitable and economic method to address the costs associated with the produced water volumes. The company is actively pursuing options to reduce operating costs at Kirkpatrick Lake in order to resume oil production. The company planned to drill a test well at its Kerrobert property in West Central Saskatchewan, however, as a result of the current oil price, management has decided to suspend its exploration work program until a more stable oil price can be predicted.

Management has taken steps to extend the drilling commitments on the lands. The company continues to work to close a debt financing which it has been negotiating for several months. Despite the delays the company is confident the financing will close.

In the meantime the company remains committed to continue its operations and remains focused on paying down its existing debt. Once the company has secured the debt financing, it will be in a position to move forward on its strategy to pursue and acquire new conventional oil producing properties.