CALGARY, ALBERTA--(Marketwire - Feb. 15, 2012) - AROWAY ENERGY INC. (TSX VENTURE:ARW)(PINKSHEETS:ARWJF) (www.arowayenergy.com) (the "Company") is pleased to announce that it has been named to the 2012 TSX Venture 50, a ranking reserved for the strongest performing companies on the TSX Venture Exchange. Aroway Energy ranked 5th among the top 10 Oil & Gas Company's included in the TSX Venture 50.
The 2012 TSX Venture 50 is comprised of the top 10 ten companies listed on the TSX Venture Exchange, in each of five major industry sectors including Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. Aroway Energy ranked in the top 50 of the 2,250 companies listed on the TSX Venture Exchange and finished 5th among the 280 oil & Gas listed companies. The ranking is based on return on investment, growth in market capitalization, trading volume and analyst coverage during 2011.
Chris Cooper, President & CEO of Aroway, commented, "This is an honour for Aroway Energy to be included among the industry top performers as part of the TSX Venture 50. This achievement is further confirmation of the impressive growth we have realized not only in our share value but also in the market's recognition of our Company, and we look forward to continuing our success in 2012."
About Aroway Energy Inc.
Aroway Energy Inc. is a Western Canadian junior oil and gas production and exploration company participating in Peace River Arch oil and gas exploration prospects, through a Joint Venture Partnership. The Joint Venture Partnership gives Aroway a rolling option on 101 sections of land. The Company is currently producing approximately 669 boe/day net to Aroway.
ON BEHALF OF AROWAY ENERGY INC.
Chris Cooper, President & CEO
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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.
