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Created: 11/20/2007 01:19:27 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.

 


 
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#111 Cadillac Ventures closes KFG Resources acquisition JonnyRBuck12 05/03/2021 03:12:55 PM
#110 KFG enters definitive deal for sale to Cadillac JonnyRBuck12 02/14/2021 06:48:30 PM
#109 Cadillac, KFG agree to merge JonnyRBuck12 11/04/2020 11:17:22 AM
#108 KFG Operations Update JonnyRBuck12 02/21/2020 09:06:20 AM
#107 Thanks for the update! JIgnacio732 02/18/2020 01:32:58 AM
#106 Hillcrest to connect West Hazel ops to Sask. JonnyRBuck12 02/05/2020 10:26:37 AM
#105 Update from JV Partner HRH on West Hazel. JonnyRBuck12 01/31/2020 12:26:37 PM
#104 January 2020 Company Presentation: http://kfgresources.com/wp-content/uploads/20 JonnyRBuck12 01/15/2020 03:52:28 PM
#103 KFG October 2019 Company Presentation: http://kfgresources.com/wp-content/upload JonnyRBuck12 10/08/2019 01:51:04 PM
#102 KFG participates in Wilcox test in Louisiana JonnyRBuck12 09/18/2019 12:31:20 PM
#101 Just the summertime. The whole "sell in may JonnyRBuck12 07/17/2019 09:54:04 AM
#100 The news is decent. Wonder why volume so low CashCowMoo 07/17/2019 12:29:27 AM
#99 I sure do, not sure how I missed JonnyRBuck12 07/06/2019 02:19:13 PM
#98 KFG Resources talks oil production in Jefferson county JonnyRBuck12 07/06/2019 02:10:43 PM
#97 You still follow this? CashCowMoo 07/05/2019 11:34:00 PM
#96 Good news out today CashCowMoo 06/27/2019 08:20:03 PM
#95 KFG Resources talks oil production in Jefferson county JonnyRBuck12 06/27/2019 07:19:38 PM
#94 KFG April 2019 Company Presentation: http://kfgresources.com/wp-content/uploads/ JonnyRBuck12 04/09/2019 09:34:19 AM
#93 Hillcrest produces 150 bpd of oil at West Hazel JonnyRBuck12 03/23/2019 01:25:47 PM
#92 KFG Insider Buying: JonnyRBuck12 02/24/2019 07:53:21 PM
#91 October 2018 presentation from Hillcrest explaining the potential JonnyRBuck12 02/22/2019 03:13:27 PM
#90 KFG Resources purchases interest in West Hazel assets JonnyRBuck12 02/22/2019 03:06:36 PM
#89 KFG Resources to buy back up to 2.5 JonnyRBuck12 01/10/2019 06:07:03 PM
#88 KFG Resources Ltd. January 2019 Company Presentation: JonnyRBuck12 12/27/2018 02:52:25 PM
#87 https://ceo.ca/api/sedi?insider=&symbol=KFG&date=&transaction=&amount=&undefined JonnyRBuck12 10/26/2018 09:34:15 AM
#86 KFG Resources Ltd. October 2018 Company Presentation: http://kfgresources.c JonnyRBuck12 10/03/2018 08:33:20 PM
#85 News: KFG Resources earns $67,334 in quarter ended JonnyRBuck12 10/03/2018 01:21:55 PM
#84 KFG earns $67K USD profit for Q1 2018, JonnyRBuck12 09/24/2018 08:30:23 PM
#83 NATCHEZ, Miss., Sept. 20, 2018 /CNW/ -- Robert JonnyRBuck12 09/20/2018 10:18:34 AM
#82 News: KFG Operations Update (Barnum Drill, Craig Payout, JonnyRBuck12 09/11/2018 12:06:05 PM
#81 KFG Resources Ltd. September 2018 Company Presentation: http://kfgresources.com/wp-content/uplo JonnyRBuck12 08/29/2018 10:17:32 PM
#80 KFG Resources receives permit for Barnum No. 5 well JonnyRBuck12 07/25/2018 01:29:35 PM
#79 KFG May 2018 Company Presentation: http://kfgresources.com/wp-content/uploads/20 JonnyRBuck12 04/27/2018 02:39:50 PM
#78 KFG Resources Ltd. January 2018 Company Presentation - http://kfgresources.com/w JonnyRBuck12 01/09/2018 08:59:11 PM
#77 KFG unit abandons Hogue Estate well in Mississippi JonnyRBuck12 11/06/2017 10:36:09 PM
#76 KFG to drill 7,200-foot wildcat well in Mississippi JonnyRBuck12 10/19/2017 10:05:45 AM
#75 KFG Resources Ltd. October 2017 Company Presentation: JonnyRBuck12 10/03/2017 12:48:19 PM
#74 KFG Q1 2017 Results (Ending July 31st 2017) JonnyRBuck12 09/28/2017 03:30:03 PM
#73 KFG Year End Results (Ending April 30th 2017) JonnyRBuck12 08/25/2017 01:56:04 PM
#72 KFG acquires working interest in Fayette field JonnyRBuck12 07/12/2017 01:01:10 PM
#71 KFG Resources' KFG Petroleum to lay off two employees JonnyRBuck12 05/10/2017 11:03:45 AM
#70 KFG April 2017 Company Presentation - JonnyRBuck12 04/07/2017 11:52:05 PM
#69 KFG Resources LTD. Q2 Results (Ending October 31, 2015) JonnyRBuck12 12/30/2015 09:41:55 PM
#68 KFG unit places Barnum No. 4 on production JonnyRBuck12 12/02/2015 10:11:42 AM
#67 KFG Resources completes Drouet Poole Estate No. 1 well JonnyRBuck12 11/05/2015 01:20:40 PM
#66 Flagged, your a pump and dumper going from JonnyRBuck12 11/05/2015 01:20:19 PM
#65 ERAO...check it out...went from >01 to .12 last JED1962 10/19/2015 01:19:14 PM
#64 KFG Resources working on Barnum No. 4 well completion JonnyRBuck12 10/19/2015 09:57:23 AM
#63 KFG's CEO has history in Texas. Grandfather founded JonnyRBuck12 10/15/2015 10:05:05 AM
#62 KFG completing Drouet Poole Estate, Stockfelt wells JonnyRBuck12 10/15/2015 10:03:45 AM
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