Arsenal Energy Inc. is an energy exploration and production company with producing properties in Canada and the United States as well as a large exploration concession in Egypt. Corporate headquarters are located in Calgary, Alberta, Canada.

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Recent Media and Press Releases

May 12, 2008

Arsenal Announces First Quarter 2008 Operating and Financial Results

Arsenal is pleased to report its Q1 2008 results. Arsenal is highly leveraged to the rising oil prices and narrowing heavy oil differentials that occurred during the first quarter of 2008. Arsenal’s cash flow is up sharply from Q4, when prior period adjustments and one time provisions reduced cash from operations to zero
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April 16, 2008

Arsenal Announces Closing of Remaining Portion of a Private Placement of Common Shares

Calgary, Alberta, April 16, 2008 – Arsenal Energy Inc. (TSX:AEI) (FWB:A1E) (“Arsenal”) is pleased to announce that it has closed the second portion of its previously announced brokered private placement (see Arsenal’s press releases of March 4, 2008 and March 28,2008) and has issued 289,500 common shares at a subscription price of $0.63 per common share (“Common Shares”) and 1,056,855 common shares on a “flow-through share” basis at a subscription price of $0.72 per flow-through share (“Flow-Through Shares”)
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April 14, 2008

Arsenal Energy Releases Q1 Drilling Results

Calgary, Alberta, April 14, 2008 – Arsenal Energy Inc. (TSX: AEI) (FWB: A1E) (“Arsenal”) is pleased to release its Q1 2008 drilling results. In the first quarter, Arsenal participated in the drilling of 7 gross (4.5 net) wells resulting in 6 gross (3.5 net) oil wells and one (1 net) dry hole.
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March 28, 2008

Arsenal Announces Closing of First Tranche of Private Placement of Common Shares Including Flow-Through Shares

Calgary, Alberta, March 28, 2008 – Arsenal Energy Inc. (TSX:AEI) (FWB:A1E) (“Arsenal”) is pleased to announce that it has closed the first portion of its previously announced brokered private placement (see Arsenal’s press release of March 4, 2008) and has issued 959,800 common shares at a subscription price of $0.63 per common share (“Common Shares”) and 4,498,700 common shares on a “flow-through share” basis at a subscription price of $0.72 per flow-through share (“Flow-Through Shares”). The private placement resulted in aggregate gross proceeds of (Cdn) $3,843,738.00.
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March 25, 2008

Arsenal Energy Inc. Year End Results

CALGARY, March 25, 2008 ‐ 2007 was a year of retrenchment and reorganization for Arsenal Energy and the results are already showing. Arsenal has made a strategic decision to shift its focus from high‐risk international exploration to regional exploration and development in North America. The company also moved to a more conservative financial model, reducing leverage on its balance sheet.
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March 10, 2008

Arsenal Energy Inc. Announces Exploration Success

CALGARY, March 10, 2008 – Arsenal Energy Inc. (“Arsenal”) (TSX: AEI) (Frankfurt: A1E) is pleased to release the results of its Q4 2007 drilling program. The company drilled two successful wells at Maidstone and one each at Galahad and Consort.
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March 4, 2008

Arsenal Announces Private Placement of Flow-Through Shares and Common Shares

Calgary, Alberta, March 4, 2008 – Arsenal Energy Inc. (TSX:AEI) (FWB:A1E) (“Arsenal”) is pleased to announce that it intends to complete a brokered private placement of common shares (“Common Shares”) at a subscription price of $0.63 per Common Share and Common Shares issued on a “flow-through share” basis, (“Flow-Through Share”) at a subscription price of $0.72 per Flow-Through Share for total gross proceeds of up to (Cdn) $6,000,000 (the “Offering”).
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December 21, 2007

Arsenal Announces Increase and Completion of Private Placement of Flow-Through Shares

Calgary, Alberta, December 21, 2007 – Arsenal Energy Inc. (TSX:AEI) (FWB:A1E) (“Arsenal”) is pleased to announce that it has increased and completed its previously announced brokered private placement (see Arsenal’s press releases of November 20, 2007, November 30, 2007 and December 14, 2007) and has issued 1,817,386 common shares on a “flow-through share” basis (“Flow-Through Shares”) at a subscription price of $0.43 per Flow-Through Share.
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December 14, 2007

Arsenal Announces Closing of Second Tranche of Private Placement of Flow-Through Shares and Acquisition of Core Properties

Calgary, Alberta, December 14, 2007 – Arsenal Energy Inc. (TSX:AEI) (FWB:A1E) (“Arsenal”) is pleased to announce that it has closed the remaining portion of its previously announced brokered private placement (see Arsenal’s press release of November 20, 2007 and November 30, 2007) and has issued 4,644,871 common shares on a “flow-through share” basis, (“Flow-Through Shares”) at a subscription price of $0.43 per Flow-Through Share.
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November 20, 2007

Arsenal Announces Private Placement of Flow-Through Shares

Calgary, Alberta, November 20, 2007 – Arsenal Energy Inc. is pleased to announce that it intends to complete a brokered private placement of up to 9,302,326 million common shares issued on a “flow-through share” basis, (“Flow-Through Share”) at a subscription price of $0.43 per Flow-Through Share, for total gross proceeds of up to (Cdn) $4,000,000 (the “Offering”).
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November 14 , 2007

Arsenal Announces Third Quarter 2007 Operating and Financial Results

Arsenal is pleased to report its Q3 results. In July, the company made a strategic decision to adjust to a more traditional grassroots exploration and development model. The Company has made good progress on all key initiatives announced as part of that strategy. Production volumes and revenues are up, operating costs are down, and overhead costs are dropping. The Company has also been successful in the field.
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September 21, 2007

Arsenal Energy Releases Results From Its EVI Drilling Program

Calgary, Alberta, September 21, 2007, 4:00 EDT- Arsenal Energy Inc. is pleased to announce that it has completed its three well drilling program at Evi in northern Alberta. Drilling costs have come in 20% under budget and all 3 wells have been cased. The first well (100% working interest) has been completed in the Slave Point formation and swab tested at 150 bbls/d of light sweet crude.
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July 19, 2007

Arsenal Appoints Tony Van Winkoop as Interim President & CEO

Calgary, Alberta, July 19, 2007 – Arsenal Energy Inc. (TSX-AEI) announces that it has accepted the resignation of Errol Stewart as President and C.E.O. Mr. Stewart intends to pursue other business activities. Arsenal wishes to thank Mr. Stewart for his contributions and wishes him every success in the future.
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