Knight Energy is also drilling additional wells on some of its other properties, and it expects to announce the results of these efforts in the near future.
William J. Bosso, Chief Executive Officer of Knight Energy, commented, "We are pleased that Knight Energy is placing another revenue producing well on line."
Knight Energy Corp. was formed in March 2006 for the purpose of operating and developing energy related businesses and assets. Shortly thereafter, Knight acquired an independent oil and gas services company, Charles Hill Drilling, Inc., which owned a 100% working interest in a 160-acre oil and gas lease in Stephens County, Texas, a drilling rig and other oil and gas equipment. The Company has leased an additional 400 acres that run contiguous to its 160-acre lease, and it has the right of first refusal on approximately 3,100 more acres in the same area.
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