Kingslake Energy Inc stated that is in the process of filing its revised 15c-211 in order to initiate trading again. After that has been done Kingslake will evaluate its options with regard to the financing and acquisition of natural gas properties.

Kingslake Energy Inc. announced that it has permitted four locations and picked six others for a total of 10 natural gas well locations on its 20,000 acres of oil and gas leases located in the highly active Devonian Shale Area, in Morgan County, Kentucky. The Company, ahead of schedule, has drilled eight natural gas wells. Four wells have just been placed in production and four wells are in completion phase.

Kingslake Energy Inc. announced that it has drilled and completed its first producing natural gas well in the proven Devonian Shale formation. Kingslake Energy recently acquired 20,000 acres of strategic lease hold properties in the prolific Devonian Shale of the Appalachian Basin. The highly active formation is located in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia, where significant natural gas reserves have been confirmed on the property. Kingslake is taking advantage of recent advances in drilling and completion techniques, which has made the Devonian shale gas a viable, profitable, and critical part of energy production in the United States. Kingslake Energy plans to drill more than 200 wells on its more than 20,000 acres within the Devonian Shale.