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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Taikun who wrote (38595)1/19/2005 5:20:32 PM
From: Crossy  Read Replies (1) of 206315
 
re: SASK plays.. AEI.V (Arsenal Energy) .. $1.05

funny you mention Bison because this is the "script" of yet another company I recently invested in . They are active to a good deal in Sask (heavy and light oil) - Arsenal Energy, AEI.V - headed by Mike Vandale.. Marketcap is around $17m (USD) yet production is above 900bopd already. 2 wells waiting for flow-testing, 3 further to be drilled right now, if all comes in nicely we should have 5 wells completed pretty soon. So far these wells have shown flow rates of around 100boepd typically. Means production could go north of 1400bopd by the exit of winter

Arsenal also has properties in North Dakota (USA) which might turn out to be prolific "Bakken plays" as well.

Subject 14605
Subject 14605

rgrds
CROSSY
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