Fayette Field Production Exceeds 100 BOPD


    


    
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<p>NATCHEZ, Miss., <span class="xn-chron">June 7</span> /CNW/ -- KFG Resources President, Robert A. Kadane, reported that KFG Resources Ltd.'s wholly-owned subsidiary, KFG Petroleum Corporation's <span class="xn-person">Spring Hill</span> #5 well in the Fayette Field, Jefferson County, Mississippi, was producing 50 BOPD, no water.  The Company perforated two feet of Stewart "A" Sand and added that to the 4600-foot Sand production.  The current production in the field is about 110 BOPD net to KFG.  The Company plans a workover and one shallow test this summer, the <span class="xn-person">Spring Hill</span> #6.  Plans for a deep test await financing.</p>
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<p>KFG Petroleum Corporation has approximately 4,100 acres of leases in the area and owns a 100% working interest (79.16% net) in the <span class="xn-person">Spring Hill</span> wells and in this offset location reverting to a 74.9% working interest (59.4% net) after payout of all drilling, seismic, land, exploration, development, taxes, and operating costs - currently, approximately <span class="xn-money">$2.4 million</span> (U.S.).</p>
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<p>The Company's common shares are listed on the TSX Venture Exchange, <span class="xn-location">Vancouver</span>, B.C., trading symbol "KFG".  For additional information, please contact <span class="xn-person">Mr. Kadane</span> at (303) 825-7080.</p>
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<p>The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</p>
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For further information: For further information: Mr. Robert A. Kadane, President of KFG Resources, +1-303-825-7080 Web Site: http://www.kfgresources.com

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