KFG Resources (TSXV:KFG)
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3 Months : From Aug 2019 to Nov 2019
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 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