: http://supernovaenergyinc.com/ SPRN OTC Quote
: https://www.otcmarkets.com/stock/SPRN/quote SPRN Latest Press Releases
: 6,820,572 a/o Jan 27, 2017 Authorized
: 100,000,000 a/o Jan 27, 2017
Restricted: Not Available
Unrestricted: Not Available
Held at DTC: Not Available Float
: 6,020,572 a/o Jan 27, 2017 Par Value: Not Available
About Supernova Energy
Supernova Energy Inc. is an American based oil and gas production and exploration company with key holdings in Kansas and Kentucky. The Company's goal is to acquire economical leases in known oil and gas formations with low cost of recovery. The strategy is to specializing in well bore completion, re-completion and workovers on existing oil and gas production. Business Description (from OTCMarkets)
Supernova Energy Inc. is a highly focused, risk-averse oil and gas exploration company with a focused strategy of building a substantial portfolio of oil and gas assets in low risk areas.
Supernova Energy Inc. will exploit projects which can deliver cash flows normally associated with higher risk projects, but without exposure to high risk failure rates. Our Company will target existing production in known oil producing states and apply new exploration technologies to increase production.
Supernova Energy Inc. holds working interests in leases located in Kansas and Kentucky. The Company has targeted these states due to the low cost of drilling and exploration as well as their oil friendly state and local governments.
Updates (most recent press release) Supernova Energy, Inc. Discusses Progress at Kansas Oil and Gas Leases
ROCKVILLE CENTER, NY--(Marketwired - Mar 1, 2017) - Supernova Energy Inc. (OTC PINK: SPRN) ("Supernova Energy" or the "Company") is pleased to provide this update regarding its oil and gas operations in the state of Kansas.
In late 2015, Supernova Energy took control of operations at a majority of its oil and gas leases in the state of Kansas. Since assuming control, the Company has been able to bring four of the leases back into production. As a result, total oil and gas production in the last year (2016) increased to over 2,500 barrels of oil, generating just over $100,000 in revenue. In addition, restarting production enable the Company to significantly improve its balance sheet by adding over $400,000 in asset valuation.
"Now that we have taken control of operations and brought oil production back online, we can turn our focus to strategic well recompletions and workovers on each of our leases to build up production levels," commented Kevin Malone, Supernova Energy CEO. "We expect to identify, finance, and develop numerous low-risk opportunities at each of our oil and gas leases over the next year. This should significantly boost our revenues and bottom line."
Supernova Energy, Inc. is the operator of and working interest owner in a total of 8 oil and gas leases -- 4 of which are currently producing. In total, the oil and gas leases cover over 1,300 acres in the state of Kansas. Previous Releases: (direct links) March 1, 2017 http://www.marketwired.com/press-release/supernov
a-energy-inc-discusses-progress-at-kansas-oil-and-gas-leases-otc-pink-sprn-2199857.htm February 24, 2017 http://www.marketwired.com/press-release/supernova-energy-inc-outlines-2017-2018-corporate-oil-and-gas-strategy-otc-pink-sprn-2198420.htm
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