HOUSTON, Jan. 18, 2011 /PRNewswire/ -- Arkanova Energy
Corporation (OTC Bulletin Board: AKVA) ("Arkanova Energy"), today
announces that Provident Energy of Montana, LLC ("Provident Energy"), a
wholly-owned subsidiary of Arkanova Energy, recently drilled the
Tribal-Max 1-2817 well to an approximate vertical depth of 5,908 ft
to test and confirm the presence of Mississippian and Devonian
exploration targets of the Southern
Alberta Basin in Glacier County,
Montana. These targets are Bakken and Three Forks equivalents. Initial results
support plans to continue drilling the Mississippian and Devonian
strata. The intervals continue to be evaluated for the lateral well
bore placement of the proposed Tribal-Max 2-2818 well location.
Provident Energy operates and has a 70% working interest in the
Two Medicine Cut Bank Sand Unit in Pondera and Glacier Counties, Montana.
About Arkanova Energy Corporation
Arkanova Energy is an exploration and junior production company
engaged in the acquisition, exploration, and development of oil and
gas properties. The company has secured working interest in three
key North American areas in Montana, Arkansas and Colorado. The company relies on experience,
science and proven growth strategies in order to continuously
balance a risk/reward portfolio.
For more information, please visit www.arkanovaenergy.com.
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Investor
Contact:
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Burt Taylor
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Tel:
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(281) 298-9555
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email:
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info@arkanovaenergy.com
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SOURCE Arkanova Energy Corporation