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KFG completes Drouet Pool Estate #1 well


Published Nov 9, 2015
KFG Resources

KFG Resources Ltd President, Robert A. Kadane reported that the Company's subsidiary, KFG Petroleum Corporation, and its partners have completed the Drouet Poole Estate #1 Well, Franklin County, MS, pumping 60 BOPD and 30 Barrels of water a day.

The company and partners drilled the #2 Poole Estate well as a north offset to the #1 and abandoned it last week. KFG owns a 12% working interest in the well investing to a 24% Working interest after the #1 and the dryhole costs of the #2 well as recovered. Future development will depend on how production volume olds up in the #1 well.

The Stockfelt #1 and the Barnum #4 well are in various stages of completion.

Tags: KFG Resources




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