Arsenal Energy Inc. (fka AEYIF)

[Captain Black Bob Blanco]

Arsenal Energy Inc. Releases Update on Bakken Wells

11/01/2011 @ 4:05PM



Source :

MarketWire Canada
Arsenal Energy Inc. (AEI)
Quote : 0.64 -0.01 (-1.54%) @ 1:06PM

Arsenal Energy Inc. Releases Update on Bakken Wells
Arsenal Energy Inc. (TSX:AEI) (PINK SHEETS:AEYIF)

Arsenal Energy Inc. ("Arsenal") has completed drilling of the Gjoa Lynn well
(59.3% WI) at Stanley, North Dakota. The well had excellent shows in the Bakken
formation and has been cased. A multi-stage fracture stimulation has been
scheduled for late November. The drilling rig has been released to drill a
program for another operator but is scheduled to return to Arsenal to drill two
more Bakken wells, being the Anthony Robert (80.3% WI) and Wade Morris (80.3%)
starting in February 2012.


In Alberta, Arsenal is scheduled to drill two Glauconite horizontals at Princess
and one Leduc horizontal at Edgerton in late November. Each, if successful, will
set up multi well development programs.


Arsenal is a junior oil and gas company engaged in the exploration for, and
development and production of, natural gas and oil reserves primarily in Alberta
and North Dakota, U.S.A.


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