Carthage Point Field
NATCHEZ,
Miss., Sept. 4, 2013 /CNW/ - Robert A. Kadane, President of KFG Resources
Ltd., reported today that the MacNeil #3 well has been drilled,
logged, cored, and production casing has been set at 4,610'. The
well had 16' of Stewart "B" oil sand – extending the same reservoir
found in the MacNeil #2 well located 660' south of the MacNeil #3
well. The Company will report completion data when available (2 to
3 weeks). KFG has an 8% working interest in the well reverting to
20% at payout. The prospect contains 200 acres.
LaGrange
Field
The Company's saltwater disposal well, on its Parker lease, has
been approved; consequently, completion operations can start on the
Company's Parker #2 well. The Company has a 10% working interest in
the well and surrounding 160 acres and also has an oil zone behind
pipe which will be developed after the Parker #2 well has been on
production for an extended period.
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.