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TN-K Energy Group Inc.
649 Sparta Highway
Crossville, Tennessee 38571
BASIC INFORMATION
COMPANY HISTORY
TN-K Energy Group Inc., an independent energy company, engages in the acquisition and development of crude oil and natural gas reserves, and production in the Appalachian Basin. The company was formerly known as Digital Lifestyles Group, Inc. and changed its name to TN-K Energy Group Inc. in October 2009. TN-K Energy Group Inc. was founded in 1994 and is based in Crossville, Tennessee.
COMPANY BUSINESS SUMMARY
We are an independent oil exploration and production company, engaged in acquiring oil leases and exploring and developing crude oil reserves and production in the Appalachian basin. We began our operations in the fourth quarter of 2009. We concentrate our operations in Kentucky and Tennessee primarily in the Murfreesboro, Knox and Wells Creek formations, although we also have assets located in the Granville, Stones River and Sunnybrook formations. All of these formations are primary known producing formations.
TOP OFFICERS
|
Name
|
Title
|
Fiscal Year Pay
|
Biography
|
| Brad McNeil | Director | N/A | View Biography |
| Ken Page | CEO | 36,000 | View Biography |
COMPANY NEWS
SHARE RELATED INFORMATION
| 52 Week High: | $0.48 on 2/11/13 | Total Shares Outstanding: | 38,176,085 |
| 52 Week Low: | $0.20 on 1/18/2013 | Public Float: | 29,260,000 |
| All time High: | $0.82 on 02/08/10 | Earnings Per Share: | $0.03 |
| All time Low: | $0.01 on 08/10/09 | Book Value: | -0.04 |
FUNDAMENTAL INVESTMENT HIGHLIGHTS
The Company has an established, highly experienced team of oil drillers and consultants that are heavyweights in the industry.
During 2012, the Company began focusing on modifying our business plan to reduce drilling and completion cost through negotiated sales and acquiring overriding royalty interest within previously operated leases and new leaseholds.
Low PE Ratio based on the current stock price.
We have reduced the amount of total outstanding shares by approximately 2,955,000 shares.
Operating expenses and overhead are extremely low, including an annual salary of just $40,000 for the CEO. During 2012, Mr. Ken Page forgave accrued salary due in the amount of $85,076, which had been accrued pursuant to the terms of his employment agreement.
INSIDER ACTIVITY
none
FINANCIAL SNAPSHOT
|
All numbers in Thousands |
Fiscal Yr
Ends 12/2012 |
Prior Fiscal Yr
Ends 12/2011 |
Recent Quarter
Ends 6/2013 |
| Revenues | $1,884 | $1,881 | $87 |
| Pre-Tax Earnings (Losses) | $3,977 | $1,258 | ($135) |
| Total Cash | $511 | $196 | $349 |
| Total Assets | $1,981 | $1,981 | $2,423 |
| Total Liabilities | $3,969 | $7,489 | $3,930 |
| Shareholders Equity | ($1,374) | ($5,508) | ($1,508) |