NATCHEZ, Miss., July 2, 2014 /CNW/ --

LaGrange Field, Adams Co., MS

KFG Resources Ltd. President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, is running production casing in its Craig #3 well to 4,700' to test a 2nd Wilcox oil sand at 4,375'.  KFG has a 10% working interest in the well, reverting to a 21.5% interest at payout.  The well is 1,250' north of the Craig #1 and #2 wells and appears to be in a new reservoir.

Mantua Field, Adams Co., MS

Completion operations have begun at the Company's Barnum #2 well.  KFG has a 9% working interest in the well, reverting to 20.5% after 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

Copyright 2014 Canada NewsWire

KFG Resources (TSXV:KFG)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more KFG Resources Charts.
KFG Resources (TSXV:KFG)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more KFG Resources Charts.