Thursday, August 28, 2014 7:18:37 PM
Before reading, please keep in mind that these reserves have already increased substantially since the report was done. This is due to the Craig 1 & 2 wells, along with the Macneil 2 & 3 wells paying out early June. Interests went from 10% to 21.5% and that means additional reserves for the company. As well, during the summer KFG found a new reservoir drilling Craig 3 and will likely find some new reserves with Barnum, Seale and any other wells drilled between now and April 30th 2015.
The reserves below are split up between KFG and it's partners.
Light Oil
Proved Reserves - 381,400 *** 89,200 barrels NET to KFG
Probable Reserves - 231,600*** 64,400 barrels NET to KFG
Natural Gas
Proved Reserves - 35,200***3,300BOED NET to KFG
Total: 613,000***153,600 barrels NET to KFG and 3,300 boed of nat gas
NPV(Net Present Value) Before Tax - $8,599,000USD
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