Tuesday, November 1, 2011

Arsenal Energy Inc. Releases Update on Bakken Wells

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - 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,...continued
    

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