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Artisan Energy Provides Update on Recent Drilling and Completion Success at Chip Lake, Ferrybank and Tomahawk; Shares Near Yr High

Artisan Energy Corporation (AEC.V) today provide an operations and corporate update.

HIGHLIGHTS

100% drilling success on first three wells.

Expanded key lands with 1,280 acre purchase at March 6, 2013 Tomahawk Area, Alberta Crown land sale.

Drilling has de-risked and proved development oil projects at Ferrybank and Chip Lake with more than 20 future horizontal drilling locations between the two properties.

Increased production from approximately 30 boe/d to 105 boe/d (approximately 86% light oil), with another 230 boe/d pending solution gas pipeline tie-in.

Commencing drilling of two additional horizontal oil wells at Ferrybank.

OPERATIONS

Artisan now has a 100% working interest in 22,960 net acres in two core areas in Central and SE Alberta, with an inventory of 70 development-focused drilling locations. Artisan also has varied working interests in an additional 25,316 gross acres (15,691 net acres) of prospective properties in Alberta. Artisan's current on-stream oil and gas production is approximately 105 boe/d, consisting of approximately 86% light oil. Artisan has an additional 88 bbl/d and 850 MMcf/d, for a combined 230 boe/d of production awaiting tie-in.

Artisan's key properties include three development oil projects at Chip Lake and Ferrybank in Central Alberta and Conrad in SE Alberta, as well as a liquids rich gas project with prospective oil opportunities at Tomahawk / Bigoray in Central Alberta.

Artisan is up 9 cents (30%) to 39 cents just short of a yr high of 40 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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