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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| KFG Resources Ltd | TSXV:KFG | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 0.025 | 0.03 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
NATCHEZ, Miss, Sept. 11, 2014 /CNW/ -- Mr. Robert A. Kadane, President of KFG Resources Ltd., reported today that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, of Natchez, Mississippi, has started completion operations on its Barnum well in Adams County, Mississippi. Initial production rate from the Parker Sand (a semi-depleted zone) is 40 BOPD.
KFG has three new projects ready to drill this fall – two in Franklin County, Mississippi and one in Adams County, Mississippi. If time permits, there will be additional drilling at Fayette Field in Jefferson County, Mississippi.
The Craig #3 well, at the LaGrange Field, has stabilized production at 50 BOPD. It is anticipated that a west offset will be drilled before year-end.
In all these wells, KFG has a 10% working interest, reverting to a 21.5% at payout.
The Company's common shares are listed on the TSX Venture Exchange, Vancouver, B.C., trading symbol "KFG".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE KFG Resources Ltd.
Copyright 2014 Canada NewsWire
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