Thread: Strong Buy KFG - KFG Resources Ltd
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Old 07-11-2013, 12:42 PM   Nav to Top 
JonnyR512
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Some additional info below, I like how the CEO built his previous O&G company, sold it and it still trades today under PNRG at $44 a share. Another advantage KFG has is the fact that they have access to a drill rig which can make for very efficient drilling and at lower costs. KFG gets access to new projects this way, hence the multiple drills at lower percentages. But that means we can always expand to new locations and always have projects on the go.


ROBERT A. KADANE

President & CEO

Mr. Kadane has over 40 years of exploration and production experience predominantly in the southern U.S. Mr. Kadane started his own company in the 1970’s, which he successfully built and sold. That company, Prime Energy, is currently listed on the NASDAQ under the symbol PNRG.



STEPHEN GUIDO

Vice-President, Operations

Mr. Guido has over 30 years of construction and field work in the oil and gas business. Mr. Guido owns a drilling rig that is available to KFG



The Company was incorporated on Apri1 7, 1994, and in May, 1994, the Company purchased all of the issued and outstanding shares of KFG Petroleum in consideration of the issuance to the then stockholders of KFG Petroleum of an aggregate of 3,333,333 common shares of the Company. The assets of KFG Petroleum at that time consisted primarily of varying interests in producing and non-producing oil and gas properties located in Catahoula and Concordia Parishes, Louisiana, and Adams and Wilkinson Counties, Mississippi.

In January, 1997, KFG Petroleum acquired all of the shares of Shamrock Drilling for cash consideration of US$550,000. Shamrock Drilling is engaged in the contract oil and gas well drilling business, generally in East-Central Louisiana and South-West Mississippi. The assets of Shamrock Drilling consist primarily of its drilling rig and related equipment and cash items, and minor interests in certain producing oil properties.

Through Shamrock Drilling, the Company is engaged in the contract drilling of exploratory oil and gas wells for the account of third parties or for its own account.

The Company's activities in the States of Mississippi and Louisiana are carried on through its offices in Natchez, Mississippi. Kansas gas operations are managed out of a Company office in Denver, Colorado.

The Company has 4 main profit centers: (i) net sales of oil and natural gas; (ii) overhead from properties KFG Petroleum operates; (iii) interests in wells KFG Petroleum promotes for itself; and (iv) revenue from Shamrock Drilling's operations.
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