At Stanley North Dakota, Arsenal as operator has completed drilling both the Anthony Robert and Wade Morris two mile horizontal Bakken wells.

Each well encountered good shows while drilling. Arsenal has an approximate 84% working interest in each well. It is anticipated that both wells will be completed with multistage fracks and placed on production by the end of June.

At Princess in Eastern Alberta, Arsenal has received approval from the Alberta Energy Board for waterflood of the Mannville Q pool. Water injection conversion and pipeline operations have begun. Arsenal anticipates that water injection will begin by the end of June and that waterflood response should become apparent within 6 months after that.

Tags: Arsenal Energy Inc.