KFGRF - KFG Resources Ltd.

Discussion in 'Stock picks and trading strategies' started by goldismyfriend, Aug 29, 2018.

  1. KFG Resources Ltd. is an independent emerging North American petroleum and natural gas exploration company. Through its U.S. subsidiary, the company has interests in operations located in Mississippi.

    The company trades on the TSX Venture Exchange under the stock symbol KFG, and is listed on the US OTC under the stock symbol KFGRF.

    KFG Resources Ltd September 2018 Company Presentation: http://kfgresources.com/wp-content/...-Ltd.-September-2018-Company-Presentation.pdf
     
  2. News: KFG Operations Update (Barnum Drill, Craig Payout, Share Buyback, Texas Project)

    https://www.newswire.ca/news-releases/kfg-operations-update-692948991.html

    NATCHEZ, Miss., Sept. 11, 2018 /CNW/ -- As previously reported, the Company's Barnum lease, Adams County, MS, paid out in July 2018 and KFG's working interest increased from 9% to 22.5%. The Barnum #5 location has been staked and permitted. Currently, the Company is waiting on a drilling rig which is expected to move into the location as soon as weather permits.

    Additionally, the Company's Craig #3 should payout by the end of September, substantially increasing KFG's working interest.

    Also, KFG has entered into a farmout agreement with Tracer Operating Company, Graham, Texas to recomplete 3 shallow gas & oil wells with an option to recomplete 3 additional wells. These are shallow recompletions (3600'-4500') in Palo Pinto and Stephens County, Texas. Capital is now being raised for this venture.

    In addition, the Company is considering a share buy back proposal. Specifics will be presented to the board at the Board Meeting on September 28, and voted on at that time.

    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.

    For further information: Robert A. Kadane, President, (940) 723-7052, http://www.kfgresources.com
     
  3. NATCHEZ, Miss., Sept. 20, 2018 /CNW/ -- Robert A. Kadane, President of KFG Resources Ltd., reported today that the Company's subsidiary, KFG Petroleum Corp., Natchez, MS, is moving in and rigging up to drill the Barnum #5 well. It is a 6400' Wilcox test. The Company's working interest is 22.5% (16.875% NRI).

    In addition, KFG's Craig #2 paid out effective September 1, 2018. KFG's working interest increased from 11% to 22.5%. Also, to clarify an item in the news release dated September 10, 2018, the capital being raised for the Company's Graham, Texas venture is being raised from oil industry partners, not a private placement stock offering.

    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.

    View original content: http://www.newswire.ca/en/releases/archive/September2018/20/c6488.html
     
  4. KFG Resources earns $67,334 in quarter ended July 31

    2018-10-03 09:08 MT - News Release

    Mr. Robert Kadane reports

    KFG OPERATIONS UPDATE

    KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp., recorded revenues for its quarter ended July 31, 2018, of $397,520 versus $323,300 for its corresponding quarter of 2017. Net income for the July 31, 2018, quarter was $67,334 vs. $17,801 for the July 31, 2017, quarter. The company's current ratio was in excess of two to one for the quarter ended July 31, 2018.

    The share buyback proposal was passed by the KFG's board meeting at its annual stockholder meeting. When all paperwork has been completed, details will be announced. Also, capital is being raised from oil industry partners for the project in Graham, Tex., to re-enter and recomplete three wells with an option to recomplete two additional wells. The No. 5 Barnum well in Adams county, Mississippi, was completed as a dry hole to 6,400 feet. KFG had a 22.5-per-cent working interest in the well.

    In addition, the payout of the Barnum and Craig leases should add additional free cash flow of approximately $20,000/quarter to the company's offers.

    © 2018 Canjex Publishing Ltd. All rights reserved.
     

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