<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001486069</cik>
        <entityName>Arsenal Energy Inc.</entityName>
        <issuerAddress>
            <street1>639-5TH AVENUE SW</street1>
            <street2>SUITE 1900</street2>
            <city>CALGARY</city>
            <stateOrCountry>A0</stateOrCountry>
            <zipCode>T2P 0M9</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>403-262-4854</issuerPhoneNumber>
        <jurisdictionOfInc>ALBERTA, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tony</firstName>
                <lastName>Van Winkoop</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>J.</firstName>
                <middleName>Paul</middleName>
                <lastName>Lawrence</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <lastName>Hews</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>R.</firstName>
                <middleName>Neil</middleName>
                <lastName>Mackay</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Curtis</firstName>
                <middleName>R.</middleName>
                <lastName>Stewart</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brenlee</firstName>
                <lastName>Taylor</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jay</firstName>
                <lastName>LaForge</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gjoa</firstName>
                <lastName>Taylor</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ron</firstName>
                <lastName>Forth</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <middleName>B.</middleName>
                <lastName>Edwards</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bill</firstName>
                <lastName>Powers</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>R.</firstName>
                <middleName>Harley</middleName>
                <lastName>Kempthorne</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>639-5th Avenue S.W.</street1>
                <street2>Suite 1900</street2>
                <city>Calgary</city>
                <stateOrCountry>A0</stateOrCountry>
                <zipCode>T2P 0M9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Oil and Gas</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Over $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-02-26</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Wellington West Capital Markets (USA) Inc.</recipientName>
                <recipientCRDNumber>133617</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>129 - 8th Avenue SW</street1>
                    <street2>Suite 300</street2>
                    <city>Calgary</city>
                    <stateOrCountry>A0</stateOrCountry>
                    <zipCode>T2P 1B4</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>228541</totalOfferingAmount>
            <totalAmountSold>228541</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>Common Shares</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>14535</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Arsenal Energy Inc.</issuerName>
                <signatureName>/s/ Donald B. Edwards</signatureName>
                <nameOfSigner>Donald B. Edwards</nameOfSigner>
                <signatureTitle>Corporate Secretary</signatureTitle>
                <signatureDate>2010-03-10</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
