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

Corlena Oil Company II, LLC to sell horizontal Texas Panhandle properties 17-04-2014
Xylem’s Godwin pumps restore critical operations at flooded oil refinery in Argentina 17-04-2014
TXON Partners, LLC to sell North Texas oil properties 17-04-2014
Samson Oil & Gas operational advisory 17-04-2014
Shell announces Malaysia deep-water gas discovery 17-04-2014
Canadian Natural Resources Limited Announces Discovered Presence of Light Oil/Hydrocarbons Offshore Cote d'Ivoire 17-04-2014
Samson Oil & Gas announces equity placement 17-04-2014
Gazprom and Gasunie emphasize long-term nature of strategic partnership 17-04-2014
NEB Approves LNG Export License for Triton LNG 17-04-2014
Caza Oil & Gas Announces Another Strong Result on 2nd Bone Spring Well at West Copperline 17-04-2014