Supernova Energy Provides Corporate Update

Rhea-AI Summary

Supernova Energy Inc. (OTC PINK:SPRN) announced progress on its application for OTCIQ designation with OTCmarkets.com, moving towards the removal of its stop sign and becoming pink limited information. The company aims to meet regulatory deadlines set by the SEC and OTCMarkets to achieve pink current status. Supernova holds interests in multiple oil and gas wells in Kansas and Kentucky. CEO Kevin Malone highlighted the team's efforts to improve financial disclosures and indicated plans to lower environmental impacts as the company contemplates diversifying its business model.

Positive

• Progress on OTCIQ designation application.
• Aiming to meet SEC and OTCMarkets regulatory deadlines.
• Holds working interests in multiple oil and gas wells.

Negative

• None.

ROCKVILLE CENTRE, NY / ACCESSWIRE / September 16, 2021 / Supernova Energy Inc. (OTC PINK:SPRN) ("SUPERNOVA" or the "Company") a U.S. based oil and gas production and exploration company, is pleased to announce the Company has made progress with the approval of its application for OTCIQ designation with OTCmarkets.com. Along with the first step of the stop sign removal and becoming pink limited information. Currently, the Company is intending to meet the regulatory deadline imposed by the Securities and Exchange commission and OTCMarkets to become pink current. The Company still holds various working interests in several oil and gas wells in the state of Kansas and Kentucky.

Kevin Malone CEO of Supernova Energy Inc. commented- "Our team is working diligently on our financials and disclosure to bring us current as the new rules come into effect.We also can see the shift the world is taking to ‘go green'. With that, timing is right to start looking into diversifying our business model and lower our environmental impact. We look forward to sharing more information in the coming weeks."

About Supernova Energy, Inc.

Supernova Energy Inc. (OTC PINK:SPRN) is an American based oil and gas production and exploration company with key holdings in Kansas and Kentucky. The Company's goal is to acquire economical leases in known oil and gas formations with low cost of recovery. The strategy is to specialize in well bore completion, re-completion and workovers on existing oil and gas production.

Cautionary Statement Regarding Forward-Looking Statements

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. This release contains forward-looking statements that reflect Supernova Energy Inc., plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "goal," and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any expressed or implied by these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements are set forth in our quarterly and annual reports.

CONTACT:

Kevin Malone
Supernova Energy Inc.
Chief Executive Officer
snenergyinc@gmail.com

SOURCE: Supernova Energy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/664224/Supernova-Energy-Provides-Corporate-Update

FAQ

What is the latest news regarding Supernova Energy Inc. (SPRN)?

Supernova Energy Inc. announced progress on its OTCIQ designation application and aims to meet regulatory deadlines to become pink current.

What does Supernova Energy's progress with OTCIQ mean for SPRN investors?

The progress indicates potential improvements in transparency and compliance, which could enhance investor confidence.

Where does Supernova Energy operate?

Supernova Energy operates in oil and gas production in Kansas and Kentucky.

What future plans does Supernova Energy have according to the press release?

The company plans to diversify its business model and reduce its environmental impact.