NATCHEZ,
Miss., Oct. 23, 2013 /CNW/ -
Adams
County, Mississippi
LaGrange Field
Robert A.
Kadane, President of KFG Resources Ltd., reported
today that the Craig #1 well was drilled to a total depth of 6,600'
and production casing has been set through the First Wilcox Sand of
the Wilcox formation at 4,400'. The well
encountered a total oil interval of 21', with a net oil column from
4,318' to 4,332'. KFG has a 10% working interest in the well,
reverting to a 22% working interest at payout. Completion
operations will begin next week.
Carthage Point Field
The MacNeil #2 and #3 wells are producing a total of 130± BOPD.
The Company has an 8% working interest before payout and a 20%
working interest after payout. A third well may be drilled if
production history warrants.
Warren
County, Mississippi
Wildcat
Pipe has been set to 11,350' in this exploratory test.
Completion operations have begun. KFG has a 5% working interest in
the well, reverting to an 18% working interest at 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 Ltd.