TN-K Energy has completed drilling operations on four additional wells on the JR Clark lease in Green County, KY. These wells are part of the 8 well location acquisition announced in early November. The Company has now completed drilling operations on a total of 6 locations of the acquisition. The Company announced the completion of the first 2 wells in mid- December and after the initial testing announced the improvement of our production by approximately 50 barrels a day.
Oil has been struck in each of the 4 additional wells. The company has begun the process of completing and testing these wells. Due to the extremely cold weather conditions, the completion and testing has been delayed, but will be completed as soon as possible.
"The JR and Pansy Clark acquisitions are proving to be a great asset to our company," said Ken Page, the company's President, "and I am very anxious to get the test results for the additional wells. This has been another step forward toward our goal of becoming one of the area's leading producers in the oil and gas industry."
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