Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/kfg-resources-completing-drouet-poole-estate-1-wel.shtmlKFG Resources completing Drouet Poole Estate #1 well, Mississippi
KFG Resources Ltd.'s President, Robert A. Kadane, reported that the Company's subsidiary, KFG Petroleum Corporation (and partners) is completing
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KFG Resources Ltd.'s President, Robert A. Kadane, reported that the Company's subsidiary, KFG Petroleum Corporation (and partners) is completing its Drouet Poole Estate #1 well in Franklin County, Mississippi. Production rates will be reported in the next couple of weeks.
The Company owns a 12% working interest in the well which will revert to 24% if the well pays out. In addition, completion of the Company's Stockfelt #1 well, in Adams County, is underway.
The Company owns a 13% working interest in this well, before payout, and a 20.25% working interest if the well pays out. The Company is currently waiting on additional equipment essential in completing the well.
