NATCHEZ, Miss., July 25, 2018 /CNW/ -- KFG Resources
Subsidiary, KFG Petroleum Corp. of Natchez, MS has permitted the Barnum #5 well
in Adams County, MS. It will
be a 6500' test of several Wilcox
sands that produce in the immediate area. As of July 1, 2018, KFG's Barnum lease has paid out and
the Company's working interest rose from 9% to 22.5% WI and from
6.89% net revenue interest to 16.875 net.
KFG's Craig lease will payout shortly and a news release will be
put out when that occurs. Additional projects are now under
review with the improved pricing environment.
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.