Arsenal Energy Inc.
TSX : AEI
FRANKFURT : A1E

Arsenal Energy Inc.

May 20, 2010 18:37 ET

Arsenal Energy Inc. Announces Successful Three Forks Well at Lindahl, ND

CALGARY, ALBERTA--(Marketwire - May 20, 2010) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI) has completed a three well drilling program in North Dakota. The program resulted in one Three Forks horizontal at Lindahl (Strid 1-26H 34.14%WI) and two Bakken horizontals at Stanley (Burke 26-18H 13.99% WI & James Phillip 24-13H 35% WI).

At Lindahl, the Strid 1-26H well had an initial oil production rate of 1001 bbl/d (340 bbl/d net) with an associated 1.9 mmcf/d (646 mcf/d net) gas test rate.

At Stanley, the Burke 26-18H is being completed using multi-stage fracture technology and the James Phillip 24-13H well has been cased and is currently awaiting similar completion.

Arsenal is a junior oil and gas company engaged in the exploration for, and development and production of, natural gas and oil reserves primarily in Alberta and North Dakota, U.S.A. Arsenal's common shares trade on the Toronto Stock Exchange under the symbol "AEI".

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