Global Leader in International Oil and Gas Industry News

posted in:

Status of 3D seismic survey, Fayette field, Jefferson Co., MS

Friday, Dec 14, 2012

NATCHEZ, Miss., Dec. 13, 2012 /CNW/ - Mr. Robert A. Kadane, President of KFG Resources Ltd., reported today that the Company's 3D seismic survey, completed in 2008, has been reprocessed including all existing new data from all wells drilled at Fayette since 2009. Several prominent strong leads have been produced on Company acreage, and the next step is to detail the local areas involved - looking for areas where the seismic and geology coincide. The process should be completed in January 2013.

From its initial review of the new data, the Company is anticipating an active drilling program at Fayette during the 2013 calendar year. Production at Fayette continues to average between 120 - 130 barrels of oil per day.

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

Missouri Gas Energy reaches agreement on rate case 25-04-2014
Neste Oil's Stakeholder Advisory Panel appointed 25-04-2014
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