Arsenal Energy Releases Q3 Results

Arsenal Energy Inc. (TSX:AEI) announced its 2011 third quarter results.

As quoted in the press release:

Good production results from two new Bakken wells in North Dakota and a large hedge realization contributed to very strong Q3 cash flow. Looking forward, Arsenal anticipates closing the previously announced acquisition of 1,500 boe/d of production for $40.25 million on November 15th. With the acquisition and additional Bakken production gains in Q4, Arsenal anticipates strong cash flow growth to continue in Q4 and through 2012.

Click here to read the Arsenal Energy Inc. (TSX:AEI) press release

Get the Latest Oil Investing Stock Information

Get the latest information about companies associated with Oil Investing delivered directly to your inbox.

Oil

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply