Based on field estimates Arsenal Energy averaged approximately 4,700 boe/d of production for the month of June.
At Stanley, North Dakota, Arsenal as operator, has completed and tested two horizontal Bakken wells. The Allison Ann well flowed at approximately 1,385 bbls/d of oil during a 24 hour test period and the Craig Allen flowed at approximately 1,250 bbls/d of oil during a 24 hour test period.
Arsenal has an approximate 84% working interest in each well. The wells are both tied into Arsenal's facilities and are currently on production.