Arkanova Energy Corp. reported on the status of the company’s drilling activities at its oil and gas prospect in Montana.

Arkanova Energy Corporation said that the company is currently drilling the horizontal portion of the Tribal-Max 1-2817 well. The well is located in Glacier County, Montana, at the Two Medicine Cut Bank Sand Unit.

The Tribal-Max 1-2817 was drilled to a vertical depth of 3,579 feet and has now reaches a total measured depth of 5,238 feet. Arkanova Energy Corporation is targeting the Lower Cut Bank Sand formation at the Two Medicine Cut Bank Sand Unit.

Arkanova Energy Corporation conducts its drilling activities in Montana through Provident Energy Associates of Montana, LLC. The company has approximately 9,900 net acres under lease here that is prospective for oil and natural gas.

Arkanova Energy Corporation has twenty-two active producing wells at the Two Medicine Cut Bank Sand Unit. The company has another thirty wells awaiting recompletion.

Arkanova Energy Corporation is also targeting other formations during the drilling of the Tribal-Max 1-2817, including the Exshaw Shale, Three Forks and Lodgepole formations. Arkanova Energy Corporation also has properties in Arkansas where the company has 43,500 gross acres under lease and Colorado, where it has 1,320 gross acres under lease.

For more information on the company, go to www.arkanovaenergy.com

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