KFG Resources Receives Permit to Drill at Barnum

KFG Resources (TSXV:KFG) subsidiary, KFG Petroleum Corp. of Natchez, MS has permitted the Barnum #5 well in Adams County, MS. It will be a 6500′ test of several Wilcox sands that produce in the immediate area.

KFG Resources Ltd. is an emerging North American petroleum and natural gas exploration company.

As quoted from the press release:

As of July 1, 2018, KFG’s Barnum lease has paid out and the company’s working interest rose from 9 percent to 22.5 percent WI and from 6.89 percent net revenue interest to 16.875 net.

KFG’s Craig lease will payout shortly and a news release will be put out when that occurs. Additional projects are now under review with the improved pricing environment.

The company’s common shares are listed on the TSX Venture Exchange, Vancouver, B.C., trading symbol KFG”.