Scandoil  

KFG Resources makes new discovery well in Franklin County, Mississippi


Published Sep 16, 2015
KFG Resources

Robert A. Kadane, President of KFG Resources Ltd, is pleased to announced a new discovery oil well in Franklin County, Mississippi. The Company's subsidiary, KFG Petroleum Corporation of Natchez, MS, drilled the Drouet Poole Estate #1 well to a total depth of 6800 and found 10' of McShane Oil sand from 6618' to 6628' Production casing has been set for a completion attempt. The Company has a 12% working interest in the well before payout and a 24% working interest after payout.

In addition the Company is moving in to drill its Second Creek Prospect in Adams County, Mississippi. The Stockfelt Unit #1 will be drilled to a depth of 4600' to test the Third Wilcox Formation. KFG has a 15% working interest in the well jumping to a 21.5% working interest at payout. At this writing it is anticipated that two more wells will be drilled in the program and those projects will be announced at a later date.

Tags: KFG Resources




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml