Arsenal Energy Inc. Releases Update on North Dakota Bakken Program

Arsenal Energy Inc. (TSX:AEI) (FRANKFURT:A1E) is pleased to provide an update on its six well drilling program in North Dakota. The program involves four Bakken horizontals at Stanley and two Three Forks horizontals at Lindahl.

At Stanley, the EOG operated Burke 26-18 well (14% WI) has been completed using multi-stage fracture technology and has been placed on production. The well is flowing at a 24 hour rate of 960 bbl/d and 500mcf/d of associated gas. The natural gas is producing into a sales line. The Murex operated James Philip well (Arsenal 35 %WI) is on pre-frac flow at a rate of 600 bbls/d. A multi-stage frac stimulation is scheduled for early June. Flow results will be released after the stimulation and testing. The Arsenal operated Amy Elizabeth (57% WI) and Brenlee (42% WI) wells are in the well licensing process and should spud in July pending rig availability.

Winstar Announces Initial Test Rates of 1,625 barrels of oil per day from Chouech Essaida 8S Re-Entry Well

Winstar Resources Ltd. ("Winstar" or "the Company") (TSX: WIX) is pleased to provide initial test results of the 100% owned and operated Chouech Essaida 8S well (CS No.8S) in southern Tunisia.

- The Company announces that the well has been successfully completed and after 42 hours is currently flowing at a stable rate of 1,625 bbl/d of oil (2,200 boepd of total hydrocarbons) commingled from two zones in the Triassic reservoir.
- The well results are consistent with results from interpretation of well logs which indicated that both productive zones encountered are 3 - 4 meters structurally higher and 50% to 100% thicker compared to the original CS No.8 well located approximately 50 meters west of the CS No.8S well.

May 20, 2010 (Investorideas.com energy newswire) - Investorideas.com and its energy portals release afternoon market and energy commentary from energy executive Karl W. Miller.

Follow Karl Millers market and energy commentary

http://www.naturalgasstocks.com/Karl_Miller/

True to form in discussions with Mr. Miller this afternoon, amidst the massive US Equity market sell-off today, he advises that he remains unphased, and yes, bullish on the US Energy and Infrastructure market companies. We have done enough commentary with Mr. Miller to know when he sets his conviction or position on the energy markets he has always put his name and market credibility at risk.  

Here is a recap of some of Mr. Miller's key analytical and market thoughts this week, going into Friday’s option expiration:

ARCHER PETROLEUM ANNOUNCES COMPLETION OF SUCCESSFUL WOLFBERRY OIL WELL IN WEST TEXAS

Archer Petroleum Corp. (TSXV: ARK, the “Company” or “Archer”) is pleased to announce that it has completed a successful Wolfberry oil well with it’s initial well in the Company’s Greater Joe Mill Project in West Texas, which was drilled to a total depth of approx 8500 feet. After recovering approximately 50% of the stimulation fluids (thus far) used to fracture the formation, the Company’s operational team is reporting oil cut ahead of schedule.  As is typical in these wells, the oil cut is increasing on an ongoing basis as more fluid is being recovered and is expected to increase to a peak production rate in the coming weeks.  Management expects to be in a position to report an initial production rate on the well when approximately 70-80% of the stimulation fluids have been recovered.