Supernova Energy Inc. has commenced drilling on its 140 acre Antle lease in Kentucky. Three wells have been drilled to a depth of approximately 1650 feet as part of the farm-out agreement signed August 1st, 2015. Moreover, the recently drilled slugger well has been acidized to increase production. The Company plans to update the production numbers after 30 days of coming online.
Within the same lease, Supernova has initiated the deepening of an existing well. The drill depth is approximately 1700 feet and is targeting the Knox formation; Supernova has a 15% net revenue interest (NRI) of this well and bears no cost of drilling. This brings the number to 5 wells in various stages of drilling, completion and reworking on the Antle property.