November 27, 2009 (FinancialWire) TN-K Energy Group Inc. (OTC: TNKY) announced that the drilling is now complete on the David Irwin Well #1 in Clinton County, Kentucky. There was a show of oil in the Granville formation between 650 feet and 700 feet. A substantial amount of gas was hit in the Stones River formation at 1,340 feet. The well was drilled to a total depth of approximately 1,900 feet. The company is now in the process of completing and testing the well to determine the commercial value.
I am very anxious to get the test results, due to the extreme high pressure and volume of gas when struck, said Ken Page, the companys president. When the gas was first encountered, it was approximately 24 to 30 hours before drilling operations could resume. The well has now been shut in until testing is completed. The company stands to gain a good source of revenue from the sale of the gas production.
TN-K Energy Group Inc. is an independent energy company that has recently begun operations in the energy sector through the leasing of acreage in Tennessee and Kentucky.
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