</pre> <p>NATCHEZ, Miss., <span class="xn-chron">Sept. 3</span> /CNW/ -- KFG Resources President, Robert A. Kadane, reported that KFG Resources Ltd.'s wholly-owned subsidiary, KFG Petroleum Corporation has staked location for a 4100 Foot Wilcox test, the <span class="xn-person">Spring Hill</span> #6 well, a southwest offset to the <span class="xn-person">Spring Hill</span> #1 producer. Operations will begin immediately.</p> <pre> The field continues to produce over 100 BOPD to the company. </pre> <p>KFG Petroleum Corporation has approximately 4100 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 74.6 working interest (59.1% net) after payout of all drilling, seismic, land, exploration, development, taxes, and operating costs - currently <span class="xn-money">$1.8 million USD</span>.</p> <p/> <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> <p/> <p>The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</p> <pre>
For further information: For further information: Robert A. Kadane, President of KFG Resources Ltd., +1-303-825-7080 Web Site: http://www.kfgresources.com
Share this article