Supernova Energy, Inc. Outlines 2017 - 2018 Corporate Oil and Gas Strategy
ROCKVILLE CENTER, NY--(Marketwired - Feb 24, 2017) - Supernova Energy, Inc. ( OTC PINK : SPRN ) ("Supernova" or the "Company") outlines the 2017 -2018 corporate oil and gas strategy. Supernova Energy, Inc. is focused on specializing in well bore completion and re-completion on existing oil and gas production. There are a large number of opportunities in well completion and ownership across the USA. Supernova has an operating license in the state of Kansas where it concentrates on completions, re-completions and workovers through working-interest (WI) partnerships.
Oil leases produce at their maximum rate at the start of their lives, but this production rate eventually declines. In order to maintain production levels, wells will require secondary recovery efforts to boost production back to former levels. Re-completion often involves stimulation of the reservoir, perforating old or new casing, and completing alternative sections of pay in an oil producing formation. Supernova Energy intends to capitalize on leases that fit the criteria for secondary recovery.
"Supernova has worked diligently over the last twelve months with experienced professionals to help formulate a strategic two-year plan to stimulate growth through revenue, while maintaining a risk-adverse oil and gas portfolio," states Kevin Malone, CEO of Supernova Energy, Inc."
About Supernova Energy, Inc.
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 specialize in well-bore completion, re-completion and workovers on existing oil and gas production.
For more information investors can visit www.supernovaenergyinc.com
