The JR Clark well #115 was drilled to a total depth of approximately 2,000ft and proved to have no commercial value, the company said.
TN-K Energy has also commenced drilling on three additional locations on three separate leases including well #134 on the JR Clark lease in which the company owns a 27.5% interest, well #3 on the Todd Anderson lease in which the company owns a 35% interest and well #2 on the Willis Bradley lease in which the company owns a 50 % interest.
Ken Page, CEO of TN-K Energy, said: “With our latest oil strike, we have hit oil in six of our last seven well locations. We plan to continue or vigorous drilling program and to soon reach our goal to become one of the area’s leading independent producers of oil and gas.”
