NATCHEZ,
Miss., Nov. 12, 2013 /CNW/ -
Adams
County, Mississippi
KFG Resources President, Robert A. Kadane, reported that KFG's
wholly-owned subsidiary, KFG Petroleum Corporation, has completed
its #1 Craig well in the LaGrange Field, Adams County,
Mississippi. The well was
perforated in the Second Wilcox Sand at 4,322' and kicked off
flowing without stimulation 100 BOPD, no water, flowing tubing
pressure 1100 psi. The Company has 300 acres under lease and a
development well will be drilled in early 2014. The Company is
operator of the well and has a 10% working interest in the well,
reverting to a 22% working interest after payout.
Warren
County, Mississippi
The Company's #1 Hannah well is being completed in the Second
Rodessa Sand at a depth of 11,180'. A progress report will be
forthcoming in a couple of weeks.
Franklin
County, Mississippi
Several new prospects are in various stages of completion and
should be drilled next year.
Concordia
Parish, Louisiana
KFG's Moore Prospect is scheduled to be drilled before year-end
2013, weather permitting. It will be a 5,500' Wilcox
test.
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