The company has completed drilling operations on a total of six locations of the acquisition. The company has completed the first two wells in mid- December and after the initial testing, the production improved by approximately 50 barrels a day.
The company has encountered oil in each of the four additional wells. The company has commenced the process of completing and testing these wells.
The company said that due to the extremely cold weather conditions, the completion and testing has been delayed, but will be completed as soon as possible.
Ken Page, president of TN-K Energy, said: “The JR and Pansy Clark acquisitions are proving to be a great asset to our company. I am very anxious to get the test results for the additional wells.”
