Arsenal Energy Inc. Announces Strategic Acquisition in its Core Oil-Producing Areas of Alberta

- October 26th, 2011

Arsenal Energy Inc. (TSX:AEI) has engaged into an agreement to purchase some producing properties for a total consideration of $40.25 million.

Arsenal Energy Inc. (TSX:AEI) has engaged into an agreement to purchase some producing properties for a total consideration of $40.25 million.

As quoted in the press release:

The Acquired Properties are currently producing approximately 1,500 boe/d (50% liquids) and include 1.8 million boe of proved and 2.5 million boe of proved plus probable reserves.

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

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