Arsenal Energy Inc.

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NEW, Arsenal Energy Inc., Calgary, (Toronto: AEI) has retained Canaccord Enermarket Ltd. to sell its 40% interest in the Nuqua concession in southeastern Egypt. The concession involves 22,662 square kilometers near Luxor on the east bank of the Nile River in the North African Rift Basin. The block overlaps the Komombo, Nuqua and Kharit rift basins. The region is underexplored with eight penetrations nearby. Contact Martin Peters, 403-262-1442