Since early 2006 Evi has been an important core area to Arsenal. Evi is a multi zone hydrocarbon rich area containing high netback light oil from Devonian aged sediments. In the 1st quarter of 2008 Arsenal participated in the drilling of two wells resulting in 1 Granite Wash oil well and 1 Slave Point oil well delivering 200 bbl/d of incremental net production.

Arsenal has identified a number of new drilling oportunities and plans to drill an additional 2 low risk gross wells in Q3 / Q4 2009 with an additional inventory of 7 well locations.