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Arsenal provides results of the Bakken test well


Published Nov 13, 2008
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Arsenal Energy reports change to Board of Directors

Arsenal Energy Inc. releases the results of its Bakken test well at Stanley, North Dakota. In October 2008, Arsenal participated for a 35% WI in a Bakken well with a 2,700 meter horizontal lateral.

The well was completed and stimulated in early November and was flowing at a rate of 1200 bbls/d of 42 API oil on cleanup. After a couple of months of flush production, wells typically produce at stabilized rates between one third and one quarter of their test rate.

Arsenal has 1896 net acres of Bakken rights in the Stanley area. Arsenal has budgeted to participate in four additional Bakken wells in 2009.

Tags: Arsenal Energy Inc.



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