NATCHEZ, Miss., Sept. 18, 2019 /CNW/ -- KFG Resources Ltd
President, Robert A. Kadane
announced today the Company's subsidiary, KFG Petroleum
Corporation, Natchez, MS, is
participating in a 6050' Wilcox
test operated by Bay Gas, LLC, in Concordia Parish, LA. It's
comprised of a 280 acre lease with a 25% royalty burden. KFG
has a 2.5% working interest. Drilling is underway.
In Saskatchewan, Canada, KFG's
interest at West Hazel continues to perform well with current
production between 160 to 170 BOPD. KFG owns a financial
interest thru Hillcrest Petroleum equal to 11.25%. Plans are
being finalized for drilling on the lease and will be reported in
the near future.
In addition, KFG is involved in a directional project with Bay
Gas, LLC in Wilkinson County,
Mississippi and details will be forth coming when the
location dries out enough to support a drilling operation, probably
in October at this writing.
The Company's common shares are listed on the TSX Venture
Exchange, Vancouver, B.C. trading
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE KFG Resources Ltd