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KFG Resources Ltd. V.KFG

KFG Resources Ltd is a North American based company. It is primarily engaged in the production of crude oil and natural gas in the United States. It has developed onshore oil and gas reserves with activities concentrated in Concordia, Catahoula Parishes, Louisiana, Wilkinson Counties, Mississippi, Comanche County and, Kansas. Also, the company is focused on participating in the drilling of shallow wells in north-central Texas.


TSXV:KFG - Post by User

Post by loubastoneon Aug 29, 2019 9:23am
71 Views
Post# 30078635

West Hazel producing over 120 bopd- As per HRH MD&A

West Hazel producing over 120 bopd- As per HRH MD&A In February 2019, the Company successfully re-established production from three wells and upgraded the related facilities by expending approximately $931,000. In addition, the Company disposed of one third of its operating profit interest from reactivated wells in the West Hazel property in exchange for a cash payment of $170,000. Total field production in the first half of 2019 totaled 9,200 barrels at an average price of $59.24 per barrel. As of the Report Date, oil production performance continues to improve with the field currently exceeding 120 barrels of oil per day (bopd).
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