TN-K Energy Group Inc. Stock

TN-K Energy Group Inc. is an independent oil exploration and production company. The Company is engaged in acquiring oil leases and exploring and developing 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. The Company also has assets located in the Granville, Stones River and Sunnybrook formations. Its operations are divided between leases in which the Company has a participation interest/overriding royalty interest and leases in which the Company is the operator. It owns around 1,804.62 gross acres of leasehold interests with around 38 producing oil wells in which it owns an interest. Wells drilled in this area range from 900 feet to 2,000 feet in depth. There are around 1,512.26 of gross acres of undeveloped acres and 649.38 acres of net undeveloped acres that the Company controls under fee leases.