Spring Hill #6 Well
October 05 2010 - 1:40PM
PR Newswire (Canada)
NATCHEZ, Miss., Oct. 5 /CNW/ -- KFG Resources President, Robert A.
Kadane, reported that KFG Resources wholly-owned subsidiary, KFG
Petroleum Corporation has completed the Spring Hill #6 well in the
4600' sand at a depth of 3911' for 28 BOPD and 80mcf/d on a 24 hour
test. TP 80 psi, CP 220 psi. The well will be produced for 30 days
before a decision is made to possibly add additional perforations.
No water was reported on the test. KFG owns a 100% working
interest(79.16% net) in the well and surrounding acreage reverting
to a 74.6% working interest(59.1% net) after payout of all
drilling, seismic, land, exploration, development, taxes, and
operating costs - currently $2.1 million USD. The Company's common
shares are listed on the TSX Venture Exchange, Vancouver, B.C.
trading symbol "KFG". For additional information please contact Mr.
Kadane at (303) 825-7080. The TSX Venture Exchange has not reviewed
and does not accept responsibility for the adequacy or accuracy of
this release. Robert A. Kadane, President of KFG Resources Ltd.,
+1-303-825-7080 Web Site: http://www.kfgresources.com
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