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Arsenal Energy Inc
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December 2011 Investor Presentation
| Tony Van Winkoop | Page 4 of 11 |
June 09, 2026
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"December 2011 Investor Presentation"
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4 Cash Flow Growth 10X since 2007 Management Change 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 2007 2008 2009 2010 2011e 2012e Ca sh Fl ow ($M M) (Ex clu din g H ed ge Gain s) Year $0.26 per share 158M Shares Estimate Estimate TSX: AEI $0.05 per share 83M Shares