NATCHEZ, Miss., Jan. 30 /CNW/ -- Robert A. Kadane, President of KFG
Resources Ltd., announced today the Company's 3-D seismic survey at Fayette
Field in Jefferson County, Mississippi is proceeding on schedule.
The permitting is progressing and it is anticipated that the actual shoot
will take place in February 2008. If things stay on track, the Company will
schedule a well to test the seismic results in the Second Quarter of 2008. The
Company is pleased to report that it has 100 percent of the working interest,
before payout, of all seismic, drilling, and completion costs, reverting to a
75 percent working interest after payout.
The Company's common shares are listed on the TSX Venture Exchange,
Vancouver, B.C., trading symbol "KFG". For additional information, please
contact Mr. Kadane, President, at (303) 825-7080.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Mr. Robert A. Kadane, President of KFG
Resources Ltd., +1-303-825-7080 Web Site: http://www.kfgresources.com