The well struck oil in the Knox formation at 2,055ft, 2,060ft, 2,072ft and 2,125ft. TN-K Energy is now in the process of completing and testing the well.
The company further added that it has increased its lease holdings by over 110 acres with two leases in Clinton County, Kentucky, including the McClellan lease which is approximately 18 acres and the Tompkins lease which is approximately 94 acres.
Ken Page, CEO of TN-K Energy, said: “I am very excited to now have production in both Tennessee and Kentucky. It is also great to have expanded our lease holdings with such quality and highly potential leases.
“The Tompkins lease is approx 3,000ft from a well know as the Ferguson well which was drilled in the early 1990’s and initially produced over 5,000 barrels a day at a depth of approximately 1,000ft.”
