Mantua Field, Adams Co., MS
NATCHEZ, Miss., June 25, 2014 /CNW/ - KFG Resources Ltd. President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, is running production casing in its Barnum #2 well to 6,750' to test several Wilcox oil zones of interest. KFG has a 9% working interest in the well, reverting to a 20.5% after payout.
LaGrange Field, Adams Co., MS
The Company is moving in to drill the Craig #3 to 6,600'. The Craig #1 and #2 wells are producing 120 BOPD from the Second Wilcox and KFG has a 21.5% working interest in those wells. The Company has a 10% working interest in the Craig #3, reverting to a 21.5% interest 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.
For further information:
Robert A. Kadane, President (303) 825-7080