NATCHEZ, Miss., March 12, 2014 /CNW/ - KFG Resources Ltd. President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, has completed its Parker #4 well flowing 70 BOPD on an 11/64" choke, with flowing tubing pressure of 110#. KFG is operator of the well and has a 10% working interest.
In a related development, production casing has been set to 6,450' in the Parker #3 well. Two oil sands were encountered – the Baker Sand at 6,200'and the Wilson Sand at 6,218'. A completion attempt will be made in the Wilson Sand next week.
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:
Mr. Robert A. Kadane, President (303) 825-7080