About Arsenal Energy Inc.
Arsenal Energy Inc. is an oil and gas exploration, development and production Company headquartered in Calgary, Alberta, Canada. Arsenal’s production mix in Q1, 2014 was 73% crude oil and natural gas liquids and 27% natural gas. The high crude and liquid components of production provided the Company with a high operating netback.
Arsenal’s activities are focused in the US in North Dakota and in Canada in Alberta and British Columbia. The Company produces light oil in North Dakota at Stanley and Lindahl and in Alberta at Evi and medium oil in Alberta at Provost, Chauvin and Princess. Natural gas is produced at Desan in British Columbia and in Alberta at Chauvin, Princess and Provost.
The Company is focused on increasing shareholder value through development and exploration of its projects in North Dakota and Alberta in a balanced and financially responsible manner.
On August 6, 2013, the Company initiated a quarterly dividend program thereby providing investors with a combination of growth and a return on capital.