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Article: Arsenal Energy Inc. Announces Exploration Results.(Financial report)
- Article from:
- Marketwire Canada
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 4, 2009 (Marketwire via COMTEX) -- Arsenal Energy Inc. ("Arsenal") (TSX:AEI) (FRANKFURT:A1E) has participated in its first Three Forks well for a 31.25% WI, at Stanley in North Dakota. The well was drilled as a one mile long horizontal and was completed with a multistage fracture stimulation and placed on production. The well has tested at a rate of 430 bbls/d of oil. After three to five months of production, wells typically stabilize at production rates of between one third and one quarter their test rate. This location is on the eastern edge of Arsenal's Stanley acreage. Industry has released much higher results from wells west of Arsenal's lands, ...