For Investors: Another Small Company to Consider

A couple of folks have written and asked why I haven't posted anything on Arsenal Energy.

I completely missed that one. Arsenal Energy is another small company operating in the Bakken. Click here for the company's website.

This is the company's most recent press release (December 9, 2010):

Arsenal Energy Inc: At Stanley North Dakota, the EOG operated Burke 31-20 (31% WI) well targeting the Bakken has reached total depth. The well encountered good shows while drilling. It is anticipated that the well will be completed and placed on production over the next two months.

Also at Stanley North Dakota, Arsenal as operator has spud the Brenlee one mile horizontal Bakken well. Arsenal has acquired an additional 27% in the well increasing its working interest to 73%. After the Brenlee well the drilling rig will move directly to the Amy Elizabeth (62% WI) two mile horizontal Bakken location.

Most of Arsenals assets are in Canada.

The company appears to control sixteen (16) sections in the Bakken, around the Stanley, North Dakota, area, which is, like they say, the "heart of the Bakken."  Sixteen sections works out to 10,240 acres.