NATCHEZ, Miss., July 2, 2014 /CNW/ -
LaGrange Field, Adams Co., MS
KFG Resources Ltd. President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, is running production casing in its Craig #3 well to 4,700' to test a 2nd Wilcox oil sand at 4,375'. KFG has a 10% working interest in the well, reverting to a 21.5% interest at payout. The well is 1,250' north of the Craig #1 and #2 wells and appears to be in a new reservoir.
Mantua Field, Adams Co., MS
Completion operations have begun at the Company's Barnum #2 well. KFG has a 9% working interest in the well, reverting to 20.5% after 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
For further information:
Robert A. Kadane, President (303) 825-7080