ARSENAL ENERGY - (TSX:AEI and OTCBB:AEYIF) - $5.00 Canadian at December 17th 2013
Arsenal Energy is a Canadian junior oil-and-gas producer, weighted 75% to light oil and liquids, roughly half of which is derived from the Bakken formation in North Dakota (ND), the other half from Alberta and British Columbia. The Company produces light oil in North Dakota at Stanley and Lindahl, (1,862 BOE/d) on acreage comprising approximately 4,925 acres, and in Alberta, medium oil in Alberta at Provost, Chauvin and Princess (2461 BOE/d) and light oil at Evi (150 BOE/d). Arsenal also holds 6,584 acres at Rennie Lake, ND. I will not opine as to whether AEI shares are "cheap" or "expensive," but rather show possible absolute and relative...
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