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Young Oil Corporation Hits 100 Barrel a Day Well in Tennessee

Posted on: Monday, 14 January 2008, 12:00 CST

KNOB LICK, Ky., Jan. 14 /PRNewswire/ -- The Young Oil Corporation announced here today that it has drilled in a new oil well, in Fentress County, Tennessee with initial production potential of more than 100 barrels of oil per day. The well is located on the Robert Cole lease in the Little Crab community, about six miles west of Jamestown.

"The Cole #8 began flowing when drilling reached the Knox formation at 1640 feet and we are getting oil from a break in the Wells Creek at 1608 feet," said Anthony Young, President and CEO of Young Oil Corporation. "We selected this area for development because of the potential for production from both shallow and deeper depths, we expect to drill many more successful wells in the area," Young noted.

"It looks like we may have another Norrod well in this field," Young said, referring to the Richard Norrod #1 discovered by Young on March 9, 2007. The Norrod #1 came in flowing at a rate of 1,944 barrels of oil per day from the Murfreesboro formation at a depth of 1400 feet.

Young has a history of finding the big ones, as noted in 2004 when the eighth well in the Lucy Newberry Field was drilled in, it flowed for more than 20 days at 1728 BOD and the field is still producing today.

Young Oil Corporation is a privately owned oil and gas exploration and production firm, with operations in Kentucky and Tennessee. Young utilizes its own drilling rigs as well as contract partners to drill all its wells. The Tennessee Oil & Gas Association named Anthony Young Tennessee Oil Man of the Year in 1999 and 2004.

Young Oil Corporation

CONTACT: Mike Branstetter of Young Oil Corporation, +1-270-453-3208,+1-270-576-8372

Web site: http://www.youngoilcorp.com/

Source: PRNewswire

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