December 20, 2014 7:06 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Super Nova Petroleum Corp.

Company Overview

Super Nova Minerals Corp. operates as an oil & gas exploration company. Super Nova Minerals Corp. was formerly known as 658489 British Columbia Ltd. and changed its name to Super Nova Minerals Corp. in January 2005. The company was incorporated in 2002 and is based in Vancouver, Canada.

1111 West Hastings Street

Suite 575

Vancouver, BC V6E 2J3

Canada

Founded in 2002

Phone:

604-221-8936

Fax:

604-336-1490

Key Executives for Super Nova Petroleum Corp.

Chief Executive Officer and Director
Compensation as of Fiscal Year 2013.

Super Nova Petroleum Corp. Key Developments

Super Nova Petroleum Corp. Announces Board Changes

Super Nova Petroleum Corp. announced that Rita Tung has resigned as Director of the company effective November 21, 2014. Rita will remain as CFO of the company. The company is pleased to welcome Mr. Dieter Benz to the board as an independent director. Mr. Benz is currently a director of a TSX-V company.

Super Nova Petroleum Corp. Announces Positive Results of Coring and Logging Completed at the Augusta 31-32 Well

Super Nova Petroleum Corp. reported that the Augusta Krone 31-32 wildcat exploration well, within the Alberta Bakken fairway and approximately 3 miles west of the Company's Milford lands, has completed coring and logging operations with encouraging results for the Bakken Shale and Lodgepole Limestone. Wireline log evaluation over the Bakken/Lodgepole interval indicates acceptable shale thickness and reservoir quality rock. The core data from the Bakken and Lodgepole intervals has confirmed the presence of mature organic content and moveable hydrocarbons in place. Augusta and Super Nova are currently evaluating the most cost effective method of completing the well. The Company will report the results of this evaluation in due time.

Super Nova Petroleum Corp. Reports Initial Results

Super Nova Petroleum Corp. reported that the Augusta Krone 31-32 wildcat exploration well, approximately 3 miles west of the company's Milford lands, Milford Colony 13-11 incomplete well and the BNV Eagle #1 well drilled in Sept. 2014, has reached a total depth of 7,400' around 8 pm local time on Oct. 26, 2014. The drilling commenced at 1:30 pm on Oct. 13, 2014. Super Nova is a 20% owner of this well as previously reported. The well penetrated the targeted Bakken shale formation in the early morning hours of Oct. 25, 2014, at a depth of approximately 6,900 ft. Initial results indicated the discovery of oil as evidenced by the fluorescence of cuttings and the presence of oil in the drilling mud circulation over the drilling rig shale shakers. Logging, coring, and testing operations are underway and the company will report these results as they become available. The company is gratified that the drilling of the Augusta Krone well proceeded accurately to its target depth avoiding any technical difficulties. This is the second well drilled since early Sept. 2014 in the immediate vicinity. The Company has a working interest of 20% in both wells the Augusta Krone well and the BNV Eagle #1 Well. The Company also has an 80% working interest in the Milford Colony 13-11 well, drilled and cased to 880 ft, by the predecessor company. The company plans to drill the Milford Colony 13-11 well to the Bakken formation next, subject to financing. There is no guarantee that commercially viable hydrocarbons are present in the Augusta Krone well.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 21, 2014
--
Private Placement
April 25, 2014
--
Private Placement
March 17, 2014
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