According to the company, oil was struck in all three locations, including the JR Clark Well # 1H in the Knox formation at 1,800ft, the Pansy Clark Well # P12 in the Murfreesboro formation at 1,312ft and in the Willis Bradley Well #4 in the Knox formation at 1,750ft. The company is now in the process of completing and testing these wells.
TN-K Energy has approximately 60 more locations to be drilled on the JR and Pansy Clark leases and four more locations to be drilled on the Willis Bradley lease in Green County.
The company also said that it is in the process of obtaining all the necessary permits to begin drilling operations on the Todd Anderson Well #3 in Clinton County, Kentucky. This lease is in a very productive area in which the company has three leases for a total of over 100 acres with approximately 20 more locations to be drilled. In total the company has an excess of 80 wells to be drilled on its leases, due to its previous acquisitions.
