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.