NATCHEZ,
Miss., March 12, 2014 /CNW/ - KFG Resources Ltd.
President, Robert
A. Kadane, reported that KFG's wholly-owned
subsidiary, KFG Petroleum Corporation, has completed its Parker #4
well flowing 70 BOPD on an 11/64" choke, with flowing tubing
pressure of 110#. KFG is operator of the well and has a 10% working
interest.
In a related development, production casing has been set to
6,450' in the Parker #3 well. Two oil sands were encountered – the
Baker Sand at 6,200'and the Wilson Sand at 6,218'. A completion
attempt will be made in the Wilson Sand next week.
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.