Arsenal Energy Inc. released an update on its Bakken and Granitre Wash activity.
Fracture stimulation and flow testing has been completed at the James Philip (35% WI) Bakken well in the Stanley field of North Dakota. Over 24 hours the well flowed at a rate of 940 bbls/d. The well is equipped and will be placed on production immediately.
Arsenal has received an operations notice for the Burke 31-20H (31% WI) Bakken well in the Stanley field of North Dakota. The well is scheduled to spud on or around Oct 25. The spud date of the Arsenal operated Brenlee (41% WI) and Amy Elizabeth (57% WI) wells has been delayed with an expected date now in December.
On Oct 5th Arsenal plans to spud the first well in a 4 well program at Princess, Alberta targeting the Detrital/Pekisko. A 10 well program targeting the Granite Wash at Evi in Northern Alberta is scheduled to commence in mid October.
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".
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