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Recent Activity

Here is a small slideshow of recent field operations.

Signature Oil Hits Big Tennessee Wildcat Well

LEXINGTON, Ky., Nov. 4, 2005/PRNewswire/ -- Signature Oil Corp., announced here today it has drilled in a wildcat well in Clay County, Tennessee that is flowing at a rate of 288 barrels of oil a day after being treated.

The new well, the Willis Short #1, is located in the northwestern portion of Clay County, in upper middle Tennessee, near the Hermitage Springs community.

"This new field discovery well is several miles from any current oil
production and the first discovery in Clay County in more than two decades," said Lynn Wagoner, CEO, Signature Oil Corporation.
The well is producing from an interval of 700 feet to 730 feet, which is the middle portion of the Nashville Group, an Ordovician age formation.

"We believe this zone is the equivalent of the prolific Granville oil zone that has produced large amounts of oil in nearby Clinton and Cumberland counties, Kentucky, which joins Clay County, Tennessee to the north," Wagoner said.

"We have long felt that this pay zone didn't stop at the Kentucky-
Tennessee state line and we have finally proven it.

"This discovery will open up not only a new area for exploration but will also give us a new target zone. We plan to develop this new oilfield with an aggressive drilling program," Wagoner noted.

Signature owns several hundred acres of leases surrounding this new discovery, and plans to maintain an ongoing leasing program to increase that lease position.

Signature Oil Corporation is a privately owned oil and gas exploration and production firm, with operations in Kentucky and Tennessee. CEO Lynn Wagoner is President-Elect of the Tennessee Oil & Gas Association and serves on the Board of Directors of the Kentucky Oil & Gas Association.


Signature Oil Hits Another Big Tennessee Oil Well

LEXINGTON, Ky., June 8, 2005 /PRNewswire/ -- Signature Oil Corp., announced here today it has drilled in an oil well in Overton County, Tennessee, with estimated initial production (IP) of 100-150 barrels a day (BOD).

The new well, the Jim & Jack Clark #2A, is located in Section 22, Township 1 South, Range 52 East, near Livingston, Tennessee, is producing oil from the Sunnybrook formation from breaks at 685 feet and 800 feet.

"The well tried to flow as we drilled through the Sunnybrook formation. After drilling to a total depth of 1,000, we shut the well in. When we opened the well up the following morning, it flowed more than 50 barrels of oil in a short period of time," explained Lynn Wagoner, CEO, Signature Oil Corp.

"We are currently in the process of putting the well on pump and into production. From all indications, we believe this well is capable of producing 100-150 barrels of crude oil a day," he added.

"Signature Oil Corp. has an extensive lease position in this very
productive area."

"We plan to conduct a very aggressive drilling program throughout 2005 to develop these leases and to capitalize on excellent crude oil prices," said Wagoner.

Signature Oil is a privately owned oil and gas exploration and production firm, with operations in Kentucky and Tennessee. CEO Lynn Wagoner serves on the Board of Directors of the Tennessee Oil & Gas Association as well as the Kentucky Oil & Gas Association.


Tennessee Oil Well Producing 300 Barrels of Oil a Day

LEXINGTON, Ky., March 7, 2005 /PRNewswire/ -- Signature Oil Corp. announced here today the Richard Smith #3 well in Overton County, Tennessee, has been stimulated and is currently producing 300 barrels of oil a day (BOD).

"When we drilled in the Richard Smith #3, located in Section 22, Township 2 South, Range 52 East, near Livingston, Tennessee, it flowed oil during drilling," said Lynn Wagoner, CEO, Signature Oil Co.

"At that time we estimated that the well would produce at the rate of about 60 BOD. We produced the well for more than a month before we decided we could substantially improve production by acidizing the Sunnybrook Formation," he added.

Wagoner noted that Universal Well Service performed the acidize treatment of the well on February 23rd. Immediately following the acidize stimulation the well began flowing oil at a rate of 13 barrels of oil an hour.

"From all indications this well will produce at a rate of 300 BOD for some time," Wagoner predicted.

"We have an excellent lease position in this area which has yielded
several new flowing oil wells. We fully expect to drill additional commercial wells in this area in the very near future, he noted.

Signature Oil is a privately owned oil and gas exploration and production firm, with operations in Kentucky and Tennessee. CEO Lynn Wagoner serves on the Board of Directors of the Tennessee Oil & Gas Association as well as the Kentucky Oil & Gas Association.


Signature Oil has acquired several thousand acres in Clay County in Northern Tennessee.

In addition to the oil drilling activity in Clay and Overton counties, Signature is currently involved in drilling gas wells on a 3700 acre lease in Fentress County, Tennessee, on the Cumberland Plateau near the Burrville field.

Signature has also completed a third gas pipeline that connects the wells drilled on the property to an additional year-round gas market.

 


Signature Oil Corporation
3101 Clays Mill Rd., Suite 201 .. Lexington, KY 40503
859-224-0501 .. fax 859-224-0502 .. info@signatureoil.com

This web site and its contents should not be construed as investment advice or an offer to buy or sell securities. Investments in oil and gas drilling projects are highly speculative, involve a high degree of risk and immediate substantial dilution, and should only be considered by accredited investors who fully understand the risks involved and can afford to lose their entire investment.