KFG Resources Ltd. (KFG)

[JonnyRBuck12]

KFG acquires working interest in Fayette field

2017-07-12 10:40 MT - News Release

Mr. Robert Kadane reports

KFG PURCHASES WORKING INTEREST AT FAYETTE

KFG Resources Ltd. subsidiary KFG Petroleum Corp., of Natchez, Miss., purchased a 5.47-per-cent working interest in the Fayette field, Jefferson county, Mississippi, effective July 1, 2017. It is payable in three monthly instalments of $20,000 each. Payout, assuming no oil price increases, is 35 months. No debt will be taken on to finance the transaction.

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