NATCHEZ, Miss., Aug. 5, 2015 /CNW/ -- KFG's drilling
program is on hold because of high water above flood stage in the
Mississippi River which affects large areas of land – sometimes
many miles away from the river. This circumstance is
unprecedented in the last 75 years. Our program will commence
when conditions permit.
Our production is stable and cash flow was positive during the
first quarter of our fiscal year ending July
31, 2015. The Company's Barnum #3 well in Adams County, Mississippi has proved to be
non-commercial and is producing 10 barrels of oil per day.
As of this date, the Company has 3 new projects and one
development well ready to drill. Two additional projects are
being assembled. All projects are in Mississippi.
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.