KFG Logs Two Oil Sands at Fayette

    








NATCHEZ, Miss., Dec. 8, 2011 /CNW/ -- Fayette Field, Jefferson County, Mississippi

KFG Resources President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, is running production casing to 4000' in the Company's 26-1 well about two miles southwest of the Company's Spring Hill wells. KFG logged and cored two oil zones and will attempt a completion in the Stewart B sand of the Wilcox formation at a depth of 3900'. This particular zone is not productive in the Spring Hill wells but has produced over 4 million barrels of oil in other sections of the Fayette Field. KFG has a 100% working interest in the field until payout of all costs--currently about $1,000,000 US. Production rates will be reported when available.

Louisiana

A 6000' test on the Roundtree Lease in Concordia Parish, Louisiana will be drilled before yearend. Timing depends on the weather. KFG has a 12.5% working interest in the well before payout of all costs and a 29.375% working interest after 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.

KFG Resources


CONTACT:  Robert A. Kadane, President of KFG Resources, [phone] WebSite: http://www.kfgresources.com  


    

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