Arsenal Energy Inc. (fka AEYIF)

[dino03144]

I tried to buy today at .745, no sellers.

[Captain Black Bob Blanco]

Look at the total debt in the finacials. They paid it down significantly, plus in the process of a share buyback program.

[Captain Black Bob Blanco]

Arsenal Energy posts Q2 Results

http://www.arsenalenergy.com/pressrelease/press2011/Q2-2011-Press-Release-Aug-10-2011-FINAL.pdf

[dino03144]

161.88 million shares outstanding now.

[dino03144]

#19106 – Arsenal Energy USA Inc., Arsenal Energy Brenlee 100-19H., SWSW 19-155N-90W, Mountrail Co.
912 bopd, 5400 bwpd – Bakken
#19220 – BTA Oil Producers LLC., 20711 Saccaro 310 #1-H., NWNW 3-154N-99W, Williams Co.
1057 bopd, 629 bwpd – Bakken That is alot of water per day 5400 barrels.

[dino03144]

DATE: July19,2011 DAILY REPORT: 15901
PERMIT LIST
#21174 - OASIS PETROLEUM NORTH AMERICA LLC, SPONHEIM FEDERAL 5103 42-33H, SESW 33-
151N-103W, MCKENZIE CO., 233' FSL and 1320' FWL, WC, WILDCAT, 20917', 9-5/8 " - 2000',
2034' Ground, API #33-053-03678, (Approved : 7/19/2011)
#21175 - WHITING OIL AND GAS CORPORATION, RODNEY OLSON FEDERAL 42-8TFH, SENE 8-
153N-91W, MOUNTRAIL CO., 1400' FNL and 300' FEL, DEVELOPMENT, SANISH, 21019', 9-5/8
" - 2250', 2414' Ground, API #33-061-01814, (Approved : 7/19/2011)
#21176 - ARSENAL ENERGY USA INC., ANTHONY ROBERT 10-3H, SWSE 10-155N-91W,
MOUNTRAIL CO., 330' FSL and 1636' FEL, DEVELOPMENT, STANLEY, 'Tight Hole', 2231'
Ground, API #33-061-01815
#21177 - CONTINENTAL RESOURCES, INC., LANDBLOM 3-35H, SESE 35-160N-95W, DIVIDE CO.,
180' FSL and 923' FEL, DEVELOPMENT, STONEVIEW, 'Tight Hole', 2352' Ground, API #33-023-
00742
#21178 - CONTINENTAL RESOURCES, INC., LOKKEN 4-2H, SESE 35-160N-95W, WILLIAMS CO., 180'
FSL and 968' FEL, DEVELOPMENT, STONEVIEW, 'Tight Hole', 2352' Ground, API #33-105-
02294
#21179 - CONTINENTAL RESOURCES, INC., LANDBLOM 2-35H, SESE 35-160N-95W, DIVIDE CO.,
180' FSL and 1013' FEL, DEVELOPMENT, STONEVIEW, 'Tight Hole', 2353' Ground, API #33-
023-00743
#21180 - CONTINENTAL RESOURCES, INC., LOKKEN 3-2H, SESE 35-160N-95W, WILLIAMS CO., 180'
FSL and 1058' FEL, DEVELOPMENT, STONEVIEW, 'Tight Hole', 2352' Ground, API #33-105-

[dino03144]

DATE: July 28, 2011 DAILY REPORT: 15908
PERMIT LIST
#21228 - CONTINENTAL RESOURCES, INC., NADIA 2-30H, LOT4 30-146N-96W, DUNN CO., 295' FSL
and 650' FWL, DEVELOPMENT, JIM CREEK, 'Tight Hole', 2939' Ground, API #33-025-01425
#21229 - ENERPLUS RESOURCES USA CORPORATION, MARS 149-93 08D-2H TF, SESE 8-149N-93W,
DUNN CO., 355' FSL and 622' FEL, DEVELOPMENT, MANDAREE, 'Tight Hole', 2262' Ground,
API #33-025-01426
#21230 - ARSENAL ENERGY USA INC., GJOA LYNN 100-12H, SESE 12-155N-91W, MOUNTRAIL CO.,
310' FSL and 310' FEL, DEVELOPMENT, STANLEY, 'Tight Hole', 2263' Ground, API #33-061-
01825
#21231 - DENBURY ONSHORE, LLC, JOHNSON 31-17SWH, NWNE 17-158N-88W, MOUNTRAIL CO.,
500' FNL and 1370' FEL, WC, WILDCAT, 'Tight Hole', 2277' Ground, API #33-061-01826
#21232 - DAKOTA-3 E&P COMPANY, LLC, FOX 14-8H, SESW 8-149N-93W, DUNN CO., 799' FSL and
2160' FWL, DEVELOPMENT, MANDAREE, 'Tight Hole', 2297' Ground, API #33-025-01427
#21233 - WHITING OIL AND GAS CORPORATION, LITTLEFIELD 14-34H, SWSW 34-154N-91W,
MOUNTRAIL CO., 825' FSL and 490' FWL, DEVELOPMENT, SANISH, 20673', 9-5/8 " - 2200',
2356' Ground, API #33-061-01827,

[dino03144]

I see the outstanding share # dropprd down about 1 million.

[dino03144]

I have money ready to throw at aeyif, outstanding shares need to go down or new fracked well has to produce before i buy more.

[Captain Black Bob Blanco]

It may drift a bit lower as the latest news wears off, but long term, the future looks pretty bright. These guys have been around for a few years.

[OilStockReport]

Sounds like pretty good news up to Oct, when it might get better.

[Captain Black Bob Blanco]

Arsenal Energy Inc. Releases Brenlee North Dakota Test Results CALGARY, July 19, 2011 – Arsenal Energy Inc. (“Arsenal”) (TSX: AEI)
is pleased to release the flow test results of the Brenlee Bakken well at Stanley, North Dakota.
The well has been completed and stimulated with an 11 stage frack. Over a 24 hour test period the well flowed at a rate of 1325 bbls/d of 42 API crude on a ½” choke with a flowing pressure of 690 psi.
Arsenal operates the Brenlee well and participated for an 80% WI. The Brenlee is equipped for flowing production and will commence sales in a few days.
Frack equipment has been mobilized to the Amy Elizabeth two mile Bakken horizontal well. Completion operations should commence within the next few days. Arsenal operates the Amy Elizabeth well and has a 62% WI. Results will be released when available.
Arsenal has started permitting three additional North Dakota Bakken operated drills, the Gjoa Lynn (50% WI), the Anthony Robert (73 % WI), and the Wade Morris (73% WI). It is anticipated that Arsenal will start drilling this 3 well program in October. In addition, Arsenal anticipates that 2 non operated North Dakota Bakken wells with average working interests of 18% will be drilled by yearend.

[Captain Black Bob Blanco]

Nice increase in pps today.

[OilStockReport]

Ahh... Buyback is always a good sign.

[Captain Black Bob Blanco]

It will not be long before we are back over $1/share.
They are also in the process of doing a share buyback.

[OilStockReport]

I like what I see. Here is some more info I found.

Arsenal Energy (AEYIF.PK) has 6,948 net acres in the Bakken/Three Forks, and 3,862 net acres are in the Stanley/Parshall area. Competitors adjacent to Arsenal's Parshall Field acreage are:

EOG Resources (EOG)
Hess (HES)
Whiting (WLL)
Its 2011 to 2012 drilling program is 3.4 net wells. First year total production is estimated to average 900 Boe/d for these 3.4 wells. Arsenal's total net locations are 74. Of this, its Bakken/Three Forks locations total 23. The rest of Arsenal's locations are in Alberta.

[Captain Black Bob Blanco]

Arsenal Energy Inc. Provides North Dakota Operational Update
CALGARY, July 4, 2011 – In Q1 Arsenal Energy Inc. (“Arsenal”) (TSX: AEI) drilled and cased the Brenlee (80% WI) and the Amy Elizabeth (62% WI) Bakken wells in North Dakota. The two wells have been waiting on fracture stimulation equipment. Over the past weekend, frack equipment has been mobilized to the Brenlee well and operations should commence within the next few days. The Amy Elizabeth well has a tentative frack window scheduled for the middle of July. Results will be released when available.
Arsenal has started permitting three additional North Dakota Bakken operated drills, the Gjoa Lynn (50% WI), the Anthony Robert (73 % WI), and the Wade Morris (73% WI). It is anticipated that Arsenal will start drilling this 3 well program in October. In addition, Arsenal anticipates that 3 non operated North Dakota Bakken wells with average working interests of 18% will be drilled by yearend.
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. Arsenal’s common shares trade on the Toronto Stock Exchange under the symbol “AEI”.
To receive Arsenal press releases, please advise [e-mail], and specify “Arsenal Press Releases” in

[Captain Black Bob Blanco]

You can't beat the current price. We are just above the 52 week low.

[Captain Black Bob Blanco]

CALGARY, ALBERTA--(Marketwire - June 16, 2011) - Arsenal Energy Inc. (TSX:AEI - News; "Arsenal" or the "Corporation") announces that it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange commencing June 20, 2011 and ending June 19, 2012, or on such earlier date as Arsenal may complete its purchases under the bid.

A total of 8,128,724 common shares may be acquired under the bid, representing approximately 5 percent of the 162,574,470 common shares outstanding as of June 14, 2011. Pursuant to section 628 of the TSX Company Manual, under the bid Arsenal is permitted to acquire up to 25 percent of the average daily trading volume or 105,669 common shares per day. Arsenal will acquire its common shares at the market price at the time of purchase, with acquired shares being cancelled.

Under its previous normal course issuer bid from May 31, 2010 to May 30, 2011, the Corporation purchased 2,859,918 of its common shares representing approximately 2.1% of the Corporation's outstanding common shares as at May 31, 2010, for an average price of $0.81 per common share. In the opinion of Arsenal's Board of Directors, Arsenal common shares are, from time to time, undervalued by the market, and the cost of acquiring the shares is an expense prudently incurred by Arsenal to increase shareholder value.

[dino03144]

Most of the new oilwells drilled here are way behind on fracing, because all the roads are falling apart. I will keep addding more aeyif until there wells are on production. they partner with eog and fidelity,but i don't think they are a takeover target, because most of there wells are in canada.

[dino03144]

I bought 3400 shares of aeyif, i live and work in the nd oilfields.

[Captain Black Bob Blanco]

Arsenal Energy Outlook

With the recent strengthening of oil prices, Arsenal's field revenue should
continue to be strong. Volumes in the second quarter will be negatively impacted
by weather conditions in North Dakota where localized flooding and power outages
have resulted in significant production downtime for all operators, including
Arsenal. Volumes should return to full capacity in Q3. Operating costs in Q2
will be higher than Q1 due to the production issues in North Dakota and to a
pipeline break in northern Alberta that has forced Arsenal to truck sales oil at
Evi.


Small operators like Arsenal generally rely on windows to execute programs. The
tight equipment environment in North Dakota has been exacerbated by bad weather.
Fracs for Arsenal's Brenlee and Amy Elizabeth wells are in line for a window but
bad weather continues to delay the scheduled dates. As soon as the Brenlee well
is fraced, Arsenal will schedule the drilling of the Gjoa Lynn well. In addition
to Arsenal's operated wells, before yearend Arsenal anticipates participating in
4 non- operated wells in North Dakota with an average WI of approximately 15%.


At Rennie Lake, North Dakota, Arsenal has approximately 2500 net acres
prospective for the Bakken. Industry has drilled a number of wells surrounding
Arsenal's block. Area operators have formed drilling spacing units including
lands in which Arsenal has an interest. Arsenal anticipates receiving operating
notices on these lands over the next twelve months.


Arsenal has a drilling program planned for eastern Alberta in Q3. Four vertical
Mannville wells are planned at Provost, two horizontal wells in the Leduc are
planned at Chauvin and Edgerton, and one horizontal is planned in the Glauconite
at Princess. The drills at Chauvin, Edgerton and Princess have the potential, if
successful, to open up larger development programs.


Arsenal has acquired 13440 net acres of land on the Wilrich play in the deep
basin of Alberta. Wells drilled by other operators in the play are coming on
stream at approximately 4mmcf/d of gas with 25bbls/mmcf of liquids. Arsenal is
planning to test its acreage in early 2012.

[Captain Black Bob Blanco]

Arsenal Energy Releases Q1 Results
Date : 06/14/2011 @ 10:15PM
Source : MarketWire Canada
Stock : Arsenal Energy Inc. (AEI)
Quote : 0.68 0.0 (0.00%) @ 9:08AM



Arsenal Energy Releases Q1 Results

Arsenal Energy Inc. ("Arsenal") (TSX:AEI) is pleased to release its 2011 Q1
results. During the first quarter, Arsenal completed drilling the Brenlee well
(80.15 %WI), a one mile horizontal, and spud the Amy Elizabeth well (62.49 %WI),
a two mile horizontal, both in North Dakota. Amy Elizabeth finished drilling and
was cased in Q2. Both wells had excellent oil shows during drilling and both
wells are waiting on frac. Arsenal has been negotiating with a group of
companies to contract a frac crew for its ongoing North Dakota Bakken program.
These negotiations are continuing but the contemplated start date has been
delayed to January, 2012. In the meantime, the fracs for Brenlee and Amy
Elizabeth are booked for windows. Arsenal anticipates fracing both wells in Q3.
Arsenal will initiate drilling the Gjoa Lynn (50%WI) as soon as the Brenlee is
fraced.


Full financial details are contained in the financial statements and MD&A filed
on SEDAR and on the Company's website.




SUMMARY OF FINANCIAL AND OPERATIONAL RESULTS
----------------------------------------------------------------------------
Three Months Ended March 31
----------------------------------------------------------------------------
2011 2010 % Change
----------------------------------------------------------------------------
FINANCIAL
----------------------------------------------------------------------------
Oil and gas revenue 11,619,144 11,586,513 -
Funds from operations(1) 5,105,635 5,189,404 (2)
Per share - basic 0.03 0.04 (18)
-diluted 0.03 0.04 (19)
Net loss (7,939,855) (69,068) 11,396
Per share - basic (0.05) nil -
-diluted (0.05) nil -
Total debt 6,871,378 20,318,893 (66)
Capital expenditures 7,648,414 4,878,052 57
Property dispositions (736,557) - -
Wells drilled (net)
Oil 1.03 1.84 (44)
Gas - - -
Dry 2.00 - -
----------------------------------------------------------------------------
Total net wells drilled 3.03 1.84 65
Shares outstanding - end of period 163,314,306 134,773,390 21
----------------------------------------------------------------------------
OPERATIONAL
----------------------------------------------------------------------------
Daily production
----------------------------------------------------------------------------
Heavy oil (bbl/d) 549 643 (15)
Light oil and NGLs (bbl/d) 1,099 925 19
Natural gas (mcf/d) 2,126 3,517 (40)
----------------------------------------------------------------------------
Oil equivalent (boe @ 6:1) (2) 2,002 2,154 (7)
----------------------------------------------------------------------------
Realized commodity prices ($Cdn.)
----------------------------------------------------------------------------
Heavy oil (bbl) 67.64 69.47 (3)
Light oil and NGLs (bbl) 76.70 72.28 6
Natural gas (mcf) 3.63 4.91 (26)
----------------------------------------------------------------------------
Oil equivalent (boe @ 6:1) 64.49 59.78 8
----------------------------------------------------------------------------
Operating netback ($ per boe)
----------------------------------------------------------------------------
Revenue 64.49 59.78 8
Royalty (11.19) (8.79) 27
Operating cost (15.83) (19.49) (19)
Transportation cost (1.27) (1.23) 3
----------------------------------------------------------------------------
Operating netback per boe 36.20 30.26 20
General and administrative (5.88) (4.15) 42
Finance expenses (0.70) (1.33) (47)
Other 0.23 0.35 (35)
Realized hedging gains (losses) (1.50) 1.64 (192)
----------------------------------------------------------------------------
Cash flow per Boe 28.34 26.77 6
----------------------------------------------------------------------------



(1)"Funds from operations", "funds from operations per share", "operating
netbacks" and "cash flow per boe" are not defined by Generally Accepted
Accounting Principles ("GAAP") in Canada and are regarded as non-GAAP measures.
Funds from operations and funds from operations per share are calculated as cash
provided by operating activities before changes in non- cash working capital,
seismic expenses, and decommissioning obligations settled. Funds from operations
is used to analyze the Company's operating performance, the ability of the
business to generate the cash flow necessary to fund future growth through
capital investment and to repay debt. Funds from operations does not have a
standardized measure prescribed by GAAP and therefore may not be comparable with
the calculations of similar measures for other companies. The Company also
presents funds from operation per share whereby per share amounts are calculated
using the weighted average number of common shares outstanding consistent with
the calculation of net income or loss per share.


(2) The term barrels of oil equivalent ("boe") may be misleading, particularly
if used in isolation. A boe conversion ratio of six thousand cubic feet per
barrel (6 mcf/bbl) of natural gas to barrels of oil equivalence is based on an
energy equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead. All boe conversions in
the report are derived from converting gas to oil in the ratio mix of six
thousand cubic feet of gas to one barrel of oil.


Financial

Funds from operations netback for Q1 2011 totaled $5.1 million or $28.34 per Boe
versus $5.2 million or $26.77 per Boe for Q1 2010. Net loss for Q2 was $7.9
million.


Arsenal completed a $21.1 million equity financing in Q1 and reduced debt and
working capital at quarter end to $6.9 million. Based on the 2010 year end
reserve report, Arsenal's banking syndicate has increased the credit facility of
the Company from $40 million to $60 million. Arsenal's balance sheet has
positioned the company to execute the capital program and to act on
opportunistic acquisitions.


Operations

Average production of 2002 boe/d during the first quarter was flat compared to
the first quarter of 2010. Noncore property sales and drilling delays due to
equipment availability in North Dakota offset production additions from the
company's capital program. Arsenal's Q1 production mix was 82% oil and 18%
natural gas. Operating costs decreased to $15.83/boe in Q1 2011 compared to
$19.49/boe for the same period in 2010. The decrease is due to the sale of
higher cost properties and the addition of low operating cost Bakken production
in North Dakota.


Outlook

With the recent strengthening of oil prices, Arsenal's field revenue should
continue to be strong. Volumes in the second quarter will be negatively impacted
by weather conditions in North Dakota where localized flooding and power outages
have resulted in significant production downtime for all operators, including
Arsenal. Volumes should return to full capacity in Q3. Operating costs in Q2
will be higher than Q1 due to the production issues in North Dakota and to a
pipeline break in northern Alberta that has forced Arsenal to truck sales oil at
Evi.


Small operators like Arsenal generally rely on windows to execute programs. The
tight equipment environment in North Dakota has been exacerbated by bad weather.
Fracs for Arsenal's Brenlee and Amy Elizabeth wells are in line for a window but
bad weather continues to delay the scheduled dates. As soon as the Brenlee well
is fraced, Arsenal will schedule the drilling of the Gjoa Lynn well. In addition
to Arsenal's operated wells, before yearend Arsenal anticipates participating in
4 non- operated wells in North Dakota with an average WI of approximately 15%.


At Rennie Lake, North Dakota, Arsenal has approximately 2500 net acres
prospective for the Bakken. Industry has drilled a number of wells surrounding
Arsenal's block. Area operators have formed drilling spacing units including
lands in which Arsenal has an interest. Arsenal anticipates receiving operating
notices on these lands over the next twelve months.


Arsenal has a drilling program planned for eastern Alberta in Q3. Four vertical
Mannville wells are planned at Provost, two horizontal wells in the Leduc are
planned at Chauvin and Edgerton, and one horizontal is planned in the Glauconite
at Princess. The drills at Chauvin, Edgerton and Princess have the potential, if
successful, to open up larger development programs.


Arsenal has acquired 13440 net acres of land on the Wilrich play in the deep
basin of Alberta. Wells drilled by other operators in the play are coming on
stream at approximately 4mmcf/d of gas with 25bbls/mmcf of liquids. Arsenal is
planning to test its acreage in early 2012.


To receive company news releases via e-mail, please advise
[e-mail] and specify "Arsenal Press Releases" in the subject line.

[playmoney2]

Thanx. It does seem darn cheap down here. This should be over a buck.

[Captain Black Bob Blanco]

It has been about 45 days since the update below. Should hear something soon. The company is pretty good about giving operational updates.
Have bought and sold this one for years. I am surprised with all of their drilling success, that they are not trading higher. The current price is a good buy in my opinion.
CALGARY, March 14, 2011- Arsenal Energy Inc. (TSX: AEI) (PNK: AEYIF.PK)
At Stanley, North Dakota, the EOG operated Burke 31-20 (31% WI) Bakken well has been completed and placed on production. The well flowed tested at 792 bbls/d of oil. The Arsenal operated Brenlee 100-19H (73% WI) and the Fidelity operated Krables 22-15H (3% WI) Bakken wells have reached total depth. Both wells encountered good shows while drilling. Arsenal, as operator, has spud the Amy Elizabeth (62% WI) two mile horizontal Bakken location. Subject to frac crew availability, all three wells will be completed and placed on production in June. Arsenal anticipates participating in 8 gross (4.1 net) wells at Stanley in 2011.
At Evi, in Northern Alberta, Arsenal has drilled 5 gross (3.5 net) oil wells. The program added 185 bbls/d of net production with another net 100 bbls/d that should be on production by the end of March.
At Princess, in Southeast Alberta, Arsenal drilled three successful Detrital wells. Two of the wells are on production totaling 80 boe/d. The third well is awaiting tie in. Arsenal now has three wells on production with high fluid levels and three additional wells behind pipe. Arsenal plans to construct battery upgrades in June and to then install high volume lift and tie in the additional wells. The Glauconitic zone was cored in one of the drills. The core confirmed the presence of a 12 meter oil saturated channel sandstone with average porosity of 16% and permeability of 0.7 millidarcies. Arsenal intends to drill a horizontal multi stage frac test well in the summer of 2011. From 3D seismic Arsenal has identified 6 miles of channeling on its acreage. Through the winter Arsenal purchased 9 sections of additional land to bring the total land position at Princess to 8600 net acres.
At Edgerton, in Southeast Alberta, Arsenal has completed the acquisition of 16 square miles of 3D seismic. After interpretation, it is anticipated that Arsenal will select and drill a horizontal well into the Leduc formation. Offsetting operators have initial production rates of 100 bbls/d of oil with reserves > 100,000 bbls/well. Arsenal has accumulated 3800 net acres of land in the Edgerton area

[playmoney2]

When do we expect the drilling update? I can't figure all this selling lately.

[Captain Black Bob Blanco]

Waiting on drilling update.

[Captain Black Bob Blanco]

Good buying opportunity today.

[Captain Black Bob Blanco]

2 buys of 364,500 shares today at .8985???
$327,000.00 each.

[Captain Black Bob Blanco]

Annual report is out.

[Captain Black Bob Blanco]

http://tmx.quotemedia.com/quote.php?qm_symbol=aei&locale=EN

[Captain Black Bob Blanco]

Proven producer.

[Captain Black Bob Blanco]

New Bakken wells being drilled.

[Captain Black Bob Blanco]

The next operations update should be very interesting.

[Captain Black Bob Blanco]

This company is has huge potential.