Status Of 3D Seismic Survey, Fayette Field, Jefferson Co., MS
14 December 2012 - 1:06AM
PR Newswire (Canada)
Status Of 3D Seismic Survey, Fayette Field, Jefferson Co., MS
NATCHEZ, Miss., Dec. 13, 2012 /CNW/ - Mr. Robert A. Kadane, President of KFG Resources
Ltd., reported today that the Company's 3D seismic survey,
completed in 2008, has been reprocessed including all existing new
data from all wells drilled at Fayette since 2009. Several prominent strong
leads have been produced on Company acreage, and the next step is
to detail the local areas involved – looking for areas where the
seismic and geology coincide. The process should be completed in
January 2013.
From its initial review of the new data, the Company is
anticipating an active drilling program at Fayette during the 2013 calendar year.
Production at Fayette continues to
average between 120 – 130 barrels of oil per day.
The Company's common shares are listed on the TSX Venture
Exchange, Vancouver, B.C., trading
symbol "KFG".
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE KFG Resources Ltd.
Copyright 2012 Canada NewsWire
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