Arsenal Energy Inc.
TSX : AEI
PINKSHEETS : AEYIF

Arsenal Energy Inc.

April 30, 2012 16:17 ET

Arsenal Energy Inc. Announces Alberta Securities Commission Investor Alert

CALGARY, ALBERTA--(Marketwire - April 30, 2012) - Arsenal Energy Inc. (TSX:AEI) (PINKSHEETS:AEYIF)

Arsenal Energy Inc. (TSX:AEI) ("Arsenal") has learned that the Alberta Securities Commission ("ASC") has issued an investor alert warning the public that investors are being approached by representatives from Offshore Drilling Inc. to purchase securities using Arsenal information. The ASC warned the public that the investment scheme is using Arsenal's corporate information, noting that, "The tactics in the scheme involve "spoofing" or masquerading as a legitimate website for the purposes of raising funds through the selling of securities. The supposed opportunity appears almost identical to a real but different company that is in the oil and gas exploration and production industry."

Neither Arsenal nor any of its directors and officers is affiliated with Offshore Drilling Inc. or the listed owner of the company, Larry Stevens John. In addition, Arsenal has not consented to the use of any of Arsenal's content and contact information on the Offshore Drilling website.

The ASC has requested anyone with knowledge about the Offshore Drilling investment offering to contact the ASC Public Inquiries at 403-355-4151, toll free 1-877-355-4488 or by email at inquiries@asc.ca. The ASC's investor alert dated April 25, 2012 may be viewed on the ASC website at www.albertasecurities.com.

Arsenal is an oil and gas company engaged in the exploration for, and development and production of natural gas and oil reserves primarily in Alberta and Saskatchewan and North Dakota, U.S.A. Arsenal's common shares trade on the Toronto Stock Exchange under the symbol "AEI" and Pink Sheets under the symbol AEYIF.PK. For further information on Arsenal, please visit our website at www.arsenalenergy.com or our filings under our profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

To receive company news releases via e-mail, please advise info@arsenalenergy.com and specify "Arsenal Press Releases" in the subject line.

Advisory Certain statements and information contained in this press release, including but not limited to management's assessment of Arsenal's future plans and operations, production, reserves, revenue, commodity prices, operating and administrative expenditures, funds from operations, capital expenditure programs and debt levels contain forward-looking statements. All statements other than statements of historical fact may be forward looking statements. These statements, by their nature, are subject to numerous risks and uncertainties, some of which are beyond Arsenal's control including the effect of general economic conditions, industry conditions, changes in regulatory and taxation regimes, volatility of commodity prices, escalation of operating and capital costs, currency fluctuations, the availability of services, imprecision of reserve estimates, geological, technical, drilling and processing problems, environmental risks, weather, the lack of availability of qualified personnel or management, stock market volatility, the ability to access sufficient capital from internal and external sources and competition from other industry participants for, among other things, capital, services, acquisitions of reserves, undeveloped lands and skilled personnel that may cause actual results or events to differ materially from those anticipated in the forward looking statements. Such forward-looking statements although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made and should not unduly be relied on. These statements speak only as of the date of this press release. Arsenal does not intend and does not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Arsenal's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR).

In this press release where amounts are expressed on a barrel of oil equivalent ("boe") basis, natural gas volumes have been converted to oil equivalence at six thousand cubic feet per barrel. The term boe may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Estimates of future net revenue do not represent fair market values.

Contact Information

  • Arsenal Energy Inc.
    Tony van Winkoop
    President and Chief Executive Officer
    (403) 262-4854
    (403)-265-6877 (FAX)

    Arsenal Energy Inc.
    1900, 639 - 5th Avenue S.W.,
    Calgary, Alberta
    T2P 0M9
    info@arsenalenergy.com
    www.arsenalenergy.com