SureTrader SureTrader
Home > Boards > Canadian > Oil/Gas/Natural Energy Production >

KFG Resources Ltd. (TSXV:KFG)

TSXV:KFG RSS Feed
Add TSXV:KFG Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 12/30/2015 9:41:56 PM - Followers: 1 - Board type: Free - Posts Today: 0


KFG Resources Ltd., through its 100% owned U.S. operations subsidiary "KFG Petroleum Corporation", is a small independent energy company engaged in the development of onshore oil and gas reserves with 
activities concentrated in Concordia and Catahoula Parishes, Louisiana, Adams, Jefferson, and Wilkinson Counties, Mississippi and Comanche County, Kansas. 
 
Shares Outstanding: 50,584,144 with no options or warrants 
Insider Holdings: 15%
Wells in production: 26 (As of May 2015)

KFG Financial Comparison Chart (Audited Annual Financials From 2008 to 2015)

(Expressed in US Dollars) 

KFG Year End Results in 2008
- Cash: $2.66M, Total Assets: $2.96M, Total Debt: $553K
- Revenue: $798K, Net Loss For The Year: -$64K
- Shares Outstanding: 30,874,646
- This was before the global crisis. KFG was trading around $0.15c and still raising money. Total was 25 million shares which is half of the entire O/S right now and a major cash injection. However this was done at a lower price.
 

KFG Year End Results in 2009
- Cash:$1.62M, Total Assets: $2.33M, Total Debt: $156K
- Revenue: $645K, Net Loss For The Year: $456K
- Shares Outstanding: 42,147,311
- Additional Funds Raised
 

KFG Year End Results in 2010
- Cash: $304K, Total Assets: $1.84M, Total Debt: $640K
- Revenue: $997K, Net Loss For The Year: -$1.4M
- Shares Outstanding: 47,786,580
- Additional Funds Raised


KFG Year End Results in 2011
- Cash: $1.03M, Total Assets: $2.94M, Total Debt: $834K
- Revenue: $2.9M, Net Income For The Year: $832K
- Shares Outstanding: 50,480,644
- This was a milestone year because KFG hit a string of wells(Fayette) that helped them recover from the financial crisis. Some assets were also sold and funds raised as well. The stock went back to the teen price range this year.
- Additional Funds Raised.
 

KFG Year End Results in 2012
- Cash: $637K, Total Assets: $2.43M, Total Debt: $439K
- Revenue: $3.5M, Net Loss For The Year: $144K
- Shares Outstanding: 50,559,191
- Despite the record profit, KFG took a major risk this year and unfortunately lost. Drilling a 100% interest Tuscaloosa well which cost the company over $1 million USD and it did not work out. This is why KFG’s strategy changed from solo wells to JV wells in multiple areas. 
 

KFG Year End Results in 2013
-  Cash: 861K, Total Assets: $2.5M, Total Debt: $430K
-  Revenue: $3.05M, Net Income For The Year: $76K
-  Shares Outstanding: 50,584,144(Some shares cancelled and this is the current share structure. 
-  This was the year where KFG started to diversify into multiple wells rather than just rely on the 9 Fayette and do a couple 100% interest wells.
 

KFG Year end Results in 2014
- Cash: $1.21M, Total Assets: $3.02M, Total Debt: $880K
- Revenue: $2.7M, Net Income For The Year: $67K
- Shares Outstanding: 50,584,144
-  The reason why revenue went down this quarter was due to the fact that the 9 Fayette wells paid out from 75% to 59%, along with additional costs from doing other wells. However, new production was put in place to replace the lost paid out production from Fayette.
-  Debt increase is based strictly on deposits from partners, not bank or payables.
 

KFG Results after 9 months in 2015
-  Cash: $2.134M, Total Assets: $3.7M, Tot Debt: $1.07M
-  Revenue: $2.27M, Net Income After 9 Months: $493K
-  Shares Outstanding: 50,584,144
-  If the price of oil didn’t drop 60% and weather didn’t hamper KFG’s operations (as stated in their last news release), net income would be close to $1 million USD right now. Regardless, this has not stopped KFG’s growth plans. Five to seven wells have been announced for the summer drill campaign and the company can only go forward from here.

 


 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
TSXV:KFG
Current Price
Volume:
Bid Ask Day's Range
SureTrader
KFG News: KFG Update 11/03/2016 03:29:00 PM
KFG News: KFG Resources Ltd. Appoints Haney, Grassi to the Board of Directors 10/07/2016 09:30:00 AM
KFG News: KFG Resources Announces Adoption of Advance Notice Policy 06/27/2016 02:24:00 PM
PostSubject
#69   KFG Resources LTD. Q2 Results (Ending October 31, 2015) JonnyRBuck12 12/30/15 09:41:55 PM
#68   KFG unit places Barnum No. 4 on production JonnyRBuck12 12/02/15 10:11:42 AM
#67   KFG Resources completes Drouet Poole Estate No. 1 well JonnyRBuck12 11/05/15 01:20:40 PM
#66   Flagged, your a pump and dumper going from JonnyRBuck12 11/05/15 01:20:19 PM
#65   ERAO...check it out...went from >01 to .12 last JED1962 10/19/15 01:19:14 PM
#64   KFG Resources working on Barnum No. 4 well completion JonnyRBuck12 10/19/15 09:57:23 AM
#63   KFG's CEO has history in Texas. Grandfather founded JonnyRBuck12 10/15/15 10:05:05 AM
#62   KFG completing Drouet Poole Estate, Stockfelt wells JonnyRBuck12 10/15/15 10:03:45 AM
#61   KFG Resources Ltd Q1 2015 Results(Ending July 31st 2015) JonnyRBuck12 09/29/15 07:58:47 AM
#60   KFG logs, core nine feet of oil sand JonnyRBuck12 09/23/15 06:06:29 PM
#59   KFG drills 10 ft of McShane oil sand JonnyRBuck12 09/14/15 07:42:26 PM
#58   KFG Year End Results Ending April 30th 2015 JonnyRBuck12 08/28/15 09:35:20 PM
#57   2015-08-05 12:22 MT - News Release JonnyRBuck12 08/05/15 06:47:11 PM
#56   Massive insider buying on KFG: https://www.insidertracking.com/company?menu_tick JonnyRBuck12 07/18/15 10:17:51 AM
#55   KFG Financial Comparison Chart (Audited Annual Financials From JonnyRBuck12 07/13/15 07:08:46 PM
#54   News: KFG to drill 5-7 wells this summer JonnyRBuck12 06/29/15 05:43:01 PM
#53   New article on KFG Resources from PennyStockExperts: JonnyRBuck12 05/25/15 08:06:20 AM
#52   KFG's Craig No. 5 well flows 98 bopd JonnyRBuck12 04/27/15 06:05:45 PM
#51   New Institution buying KFG Resources. http://dearbornpartners.com/ based out JonnyRBuck12 04/23/15 08:32:35 PM
#50   Morningstar Report: KFG Fair Value $0.21c JonnyRBuck12 04/07/15 08:06:22 PM
#49   KFG Q3 Results Ending January 31st 2015 JonnyRBuck12 04/01/15 09:18:48 PM
#48   KFG shuts down Barnum, Craig operations on bad weather JonnyRBuck12 03/09/15 06:32:58 PM
#47   KFG Resources cases Barnum No. 3 well JonnyRBuck12 02/23/15 08:27:27 PM
#46   KFG REPORTS STATUS OF MISSISSIPPI WILCOX DRILLING PROGRAM JonnyRBuck12 01/20/15 07:37:42 PM
#45   KFG Resources earns $611,881 in fiscal H1 2014 JonnyRBuck12 12/30/14 06:43:38 PM
#44   KFG Earns $612,000 on $1.7 million revenue JonnyRBuck12 12/23/14 07:54:53 AM
#43   This report is based on KFG's 2014 reults JonnyRBuck12 11/20/14 08:58:00 PM
#42   Additional Insider Buying & Stock Price Near 52 JonnyRBuck12 11/17/14 07:25:04 PM
#41   Good insider buying this week: JonnyRBuck12 11/08/14 09:30:42 AM
#40   KFG Q2 earnings estimate JonnyRBuck12 11/05/14 07:49:51 PM
#39   KFG Resources to drill three wells in Wilcox JonnyRBuck12 11/05/14 06:44:45 PM
#38   Sorry everyone, an error was pointed out to JonnyRBuck12 11/02/14 11:46:02 AM
#37   KFG Production Chart As Of November 1st 2014 JonnyRBuck12 11/02/14 12:17:34 AM
#36   KFG project information has been updated on the JonnyRBuck12 11/01/14 11:23:58 PM
#35   Insider Buying this week: JonnyRBuck12 10/28/14 07:01:50 AM
#34   A great summary from Pinnacle Digest came out JonnyRBuck12 10/27/14 07:17:56 PM
#33   Additional insider buying as per Canadian Insider: JonnyRBuck12 10/26/14 12:06:30 PM
#32   Here is the progress KFG has made between JonnyRBuck12 10/22/14 07:23:15 AM
#31   KEVIN HANEY ACQUIRES 10% VOTING INTEREST IN KFG JonnyRBuck12 10/20/14 09:21:51 PM
#30   Looked at two main Mississippi oil sites today JonnyRBuck12 10/11/14 11:38:21 AM
#29   News: Barnum well producing at 140bopd, Craig 4 JonnyRBuck12 10/01/14 06:18:50 PM
#28   KFG Earns $461,100US in Q1 2014, $0.01c eps JonnyRBuck12 09/30/14 08:07:42 AM
#27   LEVEL 2 QUOTE JonnyRBuck12 09/15/14 10:10:07 AM
#26   KFG Resources starts completion work at Barnum JonnyRBuck12 09/11/14 03:36:30 PM
#25   I was able to find the old Fayette JonnyRBuck12 09/08/14 10:07:13 AM
#24   KFG NAV(Net Asset Value for 2013) JonnyRBuck12 08/31/14 08:01:05 PM
#23   **UPDATED PRODUCTION NUMBERS** JonnyRBuck12 08/29/14 09:56:50 AM
#22   KFG Year End Results, Ending April 30th 2014 JonnyRBuck12 08/28/14 08:45:33 PM
#21   KFG 51-101 Ending April 30th 2014 JonnyRBuck12 08/28/14 07:18:37 PM
#20   Some recent articles about drilling in Mississippi. KFG JonnyRBuck12 08/19/14 01:01:54 PM
PostSubject