KFG Resources offers operations update

KFG Resources Ltd.

KFG Resources Ltd. has reported that its wholly owned subsidiary, KFG Petroleum Corp., drilled an 11,300-foot Lower Tuscaloosa well in Amite County, Mississippi, offsetting a Denbury carbon-dioxide flood in the Smithdale Field. The company drilled a well in the channel margin and encountered 6 feet of oil sand on water. The upper part of the sand was too tight to produce, so the well was abandoned. Consideration is underway to drill a west offset. KFG is operator and has a 5% working interest in the lease block.

In Adams County, Mississippi, in the LaGrange Field, KFG operated and drilled a 6,400-foot Wilcox test – logging and coring three oil sands. Production casing has been set to 6,400 feet for a completion attempt in the Wilson Sand at 6,248 feet. The well also encountered 12 feet of oil sand in the Baker sand at 6,223 feet and 5 feet of oil sand in the McKittrick Sand at 6,156 feet. KFG owns a 10% working interest in the well and surrounding 160 acres.

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