TN-K Energy Group Inc., an independent energy company, engages in the acquisition and development of crude oil reserves and production in the Appalachian Basin. The company concentrates its operations in Kentucky and Tennessee primarily in the Murfreesboro, Knox, and Wells Creek formations. It also has assets located in the Granville, Stones River, and Sunnybrook formations. The company owns approximately 2,512.99 gross acres of leasehold interests with 56 producing oil wells in which it owns an interest. Wells drilled in this area range from 900 feet to 2,000 feet in depth and the well spacing is generally 4 acres per well. As of December 31, 2013, there were 2,013.25 of gross acres of undeveloped acres and 412 acres of net undeveloped acres that the company controls under fee leases. Strategy The company’s strategy is to focus on its operational growth in its core area, to convert its unproved reserves to proved reserves and to continue its acreage acquisitions while maintaining balanced, prudent financial management. History The company was founded in 1994. It was formerly known as Digital Lifestyles Group, Inc. and changed its name to TN-K Energy Group Inc. in 2009.
tn-k energy group inc (TNKY:OTC US)
649 Sparta Highway
Crossville, TN 38571
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