Arsenal Energy’s Net Land Position in Columbia is 17,000 Acres

Arsenal Energy Inc. (TSX:AEI) reported that it has increased its land position to 17,000 net acres at Columbia, in the Alberta deep basin.

As quoted in the press release:

On Nov 30 2011, a competitor in the area reported that its Cardium horizontal located at 2-15-44-15W5 (6 miles southeast of Arsenal’s lands) tested at 2.3 mmcf/d of gas and 126 bbls/d of liquids and that the well is expected to commence production in early December at an initial rate of 400 boe/d.

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