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OilStockReport

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OilStockReport

Re: Captain Black Bob Blanco post# 19

Friday, 07/15/2011 4:29:20 PM

Friday, July 15, 2011 4:29:20 PM

Post# of 86
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.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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