September 30, 2016 2:19 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Supernova Energy, Inc.

Company Overview

Supernova Energy, Inc. engages in the exploration and production of oil and gas properties primarily in Kansas. The company has 87 oil, gas, and SWD wells with interests in 2,020 acres of leaseholds. It is also involved in the exploration of precious minerals. The company was formerly known as Northumberland Resources, Inc. and changed its name to Supernova Energy, Inc. in October 2013. Supernova Energy, Inc. was founded in 2009 and is based in Rockville Centre, New York.

265 Sunrise Highway

Suite 1-276

Rockville Centre, NY 11570

United States

Founded in 2009

Phone:

702-839-4029

Key Executives for Supernova Energy, Inc.

Supernova Energy, Inc. does not have any Key Executives recorded.

Supernova Energy, Inc. Key Developments

Supernova Energy, Inc. Appoints Nicholas Upchurchto to its Board of Directors

Supernova Energy, Inc. has increased the size of the board to two persons and appointed Mr. Nicholas Upchurchto fill the created vacancy. Directors serve for a period of one year until the next stockholders' meeting and until their respective successors are elected and qualify. Mr. Nicholas Upchurch, 36 years old, is a fifth generation oil and gas professional whose career started in 1998 with Twin Lakes Drilling, Company.

Supernova Energy, Inc. announced delayed annual 10-K filing

On 03/31/2016, Supernova Energy, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Supernova Energy, Inc. Reports Oil Discovery in Wells Drilled on Antle Lease in Kentucky

Supernova Energy, Inc. reported oil discovery in two recently drilled wells on the 140 acre Antle lease in Kentucky. As the company recently announced on November 3, 2015, three new wells have been drilled as part of the company's farm-out agreement, dated August 31, 2015. As a result of the drilling, Supernova's team has determined oil is present in two, Antle #2 and Antle #3, of the three wells. Supernova's drillers will be running completion on Antle #2 and further evaluating Antle #3. Each well has been drilled to an approximate depth of 1,650 feet at no cost to the company which holds a 10% net revenue interest. Antle #2 will be producing oil from the Knox formation while Antle #3 had oil coming into the hole from the Murfreesboro formation. Of the two wells, the company believes that Antle #2 is showing stronger potential for commercial production. The company intends that an initial production rate will be reported once the completion is finished. Antle #1 will be assessed but due to the success of the other two wells, Antle #1 may be plugged and not completed. If plugged, Supernova will not incur any additional cost associated with that well. Supernova's future plans for the Antle lease include an analysis of the drill logs and formation mapping, ultimately leading to an expert's final assessment of the remaining areas on the lease to identify additional drill locations within the same formations. Considering the recent oil strikes on the lease, Supernova will consider conducting the drilling on its own to obtain a greater working interest percentage up to 87.5%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 14, 2015
Multiple Oil and Gas Leases in Kansas
Merger/Acquisition
October 9, 2015
OMR Drilling & Acquisition, LLC, Monroe Lease With Three Wells in Monroe County
Merger/Acquisition
October 8, 2015
140 Acre Lease in Russell County, Kentucky
 

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