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KFG Resources Ltd. (TSXV:KFG)

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Last Post: 10/8/2019 1:51:04 PM - Followers: 2 - 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.

 


 
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KFG News: KFG Operations Update 09/18/2019 11:59:00 AM
KFG News: KFG Resources Ltd. Operations Update 06/27/2019 03:13:00 PM
PostSubject
#103   KFG October 2019 Company Presentation: http://kfgresources.com/wp-content/upload JonnyRBuck12 10/08/19 01:51:04 PM
#102   KFG participates in Wilcox test in Louisiana JonnyRBuck12 09/18/19 12:31:20 PM
#101   Just the summertime. The whole "sell in may JonnyRBuck12 07/17/19 09:54:04 AM
#100   The news is decent. Wonder why volume so low CashCowMoo 07/17/19 12:29:27 AM
#99   I sure do, not sure how I missed JonnyRBuck12 07/06/19 02:19:13 PM
#98   KFG Resources talks oil production in Jefferson county JonnyRBuck12 07/06/19 02:10:43 PM
#97   You still follow this? CashCowMoo 07/05/19 11:34:00 PM
#96   Good news out today CashCowMoo 06/27/19 08:20:03 PM
#95   KFG Resources talks oil production in Jefferson county JonnyRBuck12 06/27/19 07:19:38 PM
#94   KFG April 2019 Company Presentation: http://kfgresources.com/wp-content/uploads/ JonnyRBuck12 04/09/19 09:34:19 AM
#93   Hillcrest produces 150 bpd of oil at West Hazel JonnyRBuck12 03/23/19 01:25:47 PM
#92   KFG Insider Buying: JonnyRBuck12 02/24/19 07:53:21 PM
#91   October 2018 presentation from Hillcrest explaining the potential JonnyRBuck12 02/22/19 03:13:27 PM
#90   KFG Resources purchases interest in West Hazel assets JonnyRBuck12 02/22/19 03:06:36 PM
#89   KFG Resources to buy back up to 2.5 JonnyRBuck12 01/10/19 06:07:03 PM
#88   KFG Resources Ltd. January 2019 Company Presentation: JonnyRBuck12 12/27/18 02:52:25 PM
#87   https://ceo.ca/api/sedi?insider=&symbol=KFG&date=&transaction=&amount=&undefined JonnyRBuck12 10/26/18 09:34:15 AM
#86   KFG Resources Ltd. October 2018 Company Presentation: http://kfgresources.c JonnyRBuck12 10/03/18 08:33:20 PM
#85   News: KFG Resources earns $67,334 in quarter ended JonnyRBuck12 10/03/18 01:21:55 PM
#84   KFG earns $67K USD profit for Q1 2018, JonnyRBuck12 09/24/18 08:30:23 PM
#83   NATCHEZ, Miss., Sept. 20, 2018 /CNW/ -- Robert JonnyRBuck12 09/20/18 10:18:34 AM
#82   News: KFG Operations Update (Barnum Drill, Craig Payout, JonnyRBuck12 09/11/18 12:06:05 PM
#81   KFG Resources Ltd. September 2018 Company Presentation: http://kfgresources.com/wp-content/uplo JonnyRBuck12 08/29/18 10:17:32 PM
#80   KFG Resources receives permit for Barnum No. 5 well JonnyRBuck12 07/25/18 01:29:35 PM
#79   KFG May 2018 Company Presentation: http://kfgresources.com/wp-content/uploads/20 JonnyRBuck12 04/27/18 02:39:50 PM
#78   KFG Resources Ltd. January 2018 Company Presentation - http://kfgresources.com/w JonnyRBuck12 01/09/18 08:59:11 PM
#77   KFG unit abandons Hogue Estate well in Mississippi JonnyRBuck12 11/06/17 10:36:09 PM
#76   KFG to drill 7,200-foot wildcat well in Mississippi JonnyRBuck12 10/19/17 10:05:45 AM
#75   KFG Resources Ltd. October 2017 Company Presentation: JonnyRBuck12 10/03/17 12:48:19 PM
#74   KFG Q1 2017 Results (Ending July 31st 2017) JonnyRBuck12 09/28/17 03:30:03 PM
#73   KFG Year End Results (Ending April 30th 2017) JonnyRBuck12 08/25/17 01:56:04 PM
#72   KFG acquires working interest in Fayette field JonnyRBuck12 07/12/17 01:01:10 PM
#71   KFG Resources' KFG Petroleum to lay off two employees JonnyRBuck12 05/10/17 11:03:45 AM
#70   KFG April 2017 Company Presentation - JonnyRBuck12 04/07/17 11:52:05 PM
#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
PostSubject