Global Leader in International Oil and Gas Industry News

posted in:

KFG Resources announces Spring Hill #10 well staked at Faette Field, Jefferson County, MS

Friday, Jan 18, 2013

NATCHEZ, Miss., Jan. 17, 2013 /PRNewswire/ -- Mr. Robert A. Kadane, President of KFG Resources Ltd., reported today that the Company's subsidiary, KFG Petroleum Corporation of Natchez, MS has staked location for the Spring Hill #10 well, at Fayette Field, Jefferson County, Mississippi.

The reprocessed 3D seismic data has pinpointed several new shallow features at Fayette.  The Company has staked a location (Spring Hill #10 well) due east of the Spring Hill #2 well because the new seismic interpretation indicates the field extends to the east.  A 4100-foot test will be drilled when weather permits.  KFG owns a 100% working interest in these wells, reverting to a 74.9% working interest after payout.

Carthage Point, Adams County, MS

KFG has staked location for the MacNeil #2 well at Carthage Point.  KFG has an 8% working interest in this well reverting to a 20% working interest after payout.  The #1 well has excellent oil shows in the Campbell Sand but was pinched out in the objective Stewart "B" Sand.  The #2 well will be drilled to 6300 feet and will be started when weather permits.

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.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Air Products to Feature Its Range of Industrial Gas Supply Options and Advanced Gas Technologies at PTXi 2014 24-04-2014
FAR Ltd provides an update on current drilling program in Senegal and future plans in Kenya 24-04-2014
Hess announces sale of Thailand oil and gas assets 24-04-2014
Energid's Actin Software Revolutionizes Oil and Gas Exploration 24-04-2014
Bakken Energy Corp Begins Negotiation to Buy Oil Refinery in Southern Utah Uinta Basin 24-04-2014
Ferus Natural Gas Fuels Acquires Encana's Share in Alberta LNG Plant 24-04-2014
Fincantieri Offshore chooses AVEVA software for a revolutionary project 24-04-2014
Gazprom and Austria discuss alternative Russian gas routes to Europe 24-04-2014
APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014