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Old 11-05-2014, 07:48 PM   Nav to Top  #111
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In regards to the news release today it states KFG is producing at slightly under 100bopd, so I would guess around 98bopd. Now I am not too sure as to why the number is so much lower than what was posted on the website on November 1st. Is it possible that a couple wells were shut down between Sunday-Tuesday? maybe. But either way, since we know production increased in Q2, lets redo the estimated quarterly results. I have a confirmed LLS number for August and we have the last price for September before the drop, lets use those as well.

Light Louisiana Sweet First Purchase Price (Dollars per Barrel) =====> $98.31 was the average price in August for LLS

PN Bakken: Feeling the glut - October 12, 2014 - Petroleum News ======> LLS was trading at $96.29 October 2nd, so September average should be at least $96

October prices dropped, but LLS is always around Brent, lets use $84 for this month

$98.31 + $96 + $84 = $92.77 or lets say $93, which is what I calculated as an average for Q2 in my previous post.

$93(per barrel average) X98BOPD X 90(Days in Q2) = $820,260 in oil revenues for the second quarter(estimate)

Then we add $120,000 for management fee's which puts us at $940,260 total revenue. Again lets use the $500,000 in expenses since it's higher than Q1 and might be due to extra costs from Craig 3 and Barnum 2.

$940,260 - $500,000 = $440,260 net income (estimate)

I'm pretty sure KFG will earn around $400,000 to $500,000 for the first 3 quarters, then in Q4 all the payouts and new wells will add significant revenue. $0.04-0.05c EPS for 2015 isstill an achievable target.

- 3 wells confirmed to do soon
- 2 wells to pay out and given their current numbers, it's an extra 20-25bopd from Craig 3 and Barnum 2
- The Franklin wells are in a new area, so results could be anywhere and could very well add new zones to
drill from.
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Old 11-08-2014, 09:29 AM   Nav to Top  #112
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Insider buying this week:


As of 11:59pm ET November 7th, 2014
FilingDate TransactionDate Insider Name OwnershipType Securities Nature of transaction # or value acquired or disposed of Price
Nov 7/14 Nov 7/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.105
Nov 6/14 Nov 6/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.115
Nov 5/14 Nov 5/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.115
Nov 4/14 Nov 4/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 35,000 $0.125
Nov 4/14 Nov 4/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.120
Oct 29/14 Oct 29/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.130
Oct 27/14 Oct 27/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 55,000 $0.130
Oct 27/14 Oct 27/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 80,000 $0.120
Oct 25/14 Oct 24/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.090
Oct 23/14 Oct 21/14 Haney, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 40,000 $0.085
Oct 23/14 Oct 14/14 Haney, Kevin Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report 5,100,000
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Old 11-17-2014, 07:21 PM   Nav to Top  #113
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The insider buying continues while the stock price flirts with the 52 week high and could break the 6 year
resistance level of $0.15c. With 3 wells being worked on as we speak, positive results from all of them should
drive the price well into the 20 cent range.

Haney, Kevin
Insider's Relationship to Issuer: 3 - 10% Security Holder of Issuer
Transaction
Date Transaction Nature # or value acquired
or disposed of Price Account
Balance
Security Type: Common Shares (Direct Ownership)
Nov 14/14 10 - Acquisition in the public market 60,000 $0.130 5,690,000
Nov 14/14 10 - Acquisition in the public market 150,000 $0.135 5,630,000
Nov 14/14 10 - Acquisition in the public market 15,000 $0.125 5,480,000
Nov 7/14 10 - Acquisition in the public market 25,000 $0.105 5,465,000
Nov 6/14 10 - Acquisition in the public market 15,000 $0.115 5,440,000
Nov 5/14 10 - Acquisition in the public market 20,000 $0.115 5,425,000
Nov 4/14 10 - Acquisition in the public market 35,000 $0.125 5,405,000
Nov 4/14 10 - Acquisition in the public market 5,000 $0.120 5,370,000
Oct 29/14 10 - Acquisition in the public market 40,000 $0.130 5,365,000
Oct 27/14 10 - Acquisition in the public market 55,000 $0.130 5,325,000
Oct 27/14 10 - Acquisition in the public market 80,000 $0.120 5,270,000
Oct 24/14 10 - Acquisition in the public market 50,000 $0.090 5,190,000
Oct 21/14 10 - Acquisition in the public market 40,000 $0.085 5,140,000
Oct 14/14 00 - Opening Balance-Initial SEDI Report

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Old 11-20-2014, 08:54 PM   Nav to Top  #114
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This is based on KFG's 2014 reults and does not have anything included between May 2014 until now. That means (4 wells that paid out in June, Craig 3 well + new reservoir in July, Q1 profit of $460,000 or $0.01c EPS, Barnum 2 well of 140bopd). The $0.19c NAV is exactly the same as their audited annual financials + 51-101 report that came out at the end of August(ending April 30th 2014). Then the company still has 3 wells to drill in the next 6 weeks, 2 wells in the start of 2015, and likely more after that.

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Old 12-23-2014, 07:51 AM   Nav to Top  #115
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KFG Q2 Results Ending October 31st 2014:

Assets
Cash: $ 1,836,298 ($0.036c in cash compared to $1.14 million in July 2014)
Receivables: $403,296
Prepaid Expenses: $32,380
Reclamation Bond: $20,000
Property & Equipment: $1,222,247
Total Assets: $3,514,221

Liabilities
Accounts Payable: $726,247
Deposits from Co-Owners: $38,373
Total Liabilities: $764,620

Revenue after 6 months (2 Profitable Quarters)
Oil and gas: $1,491,772
Management Fees: $22,523
Total Revenue: $1,712,295
Total Costs: $1,100,414

Net Income: $611,881 (Net Income was $238,365 in 2013)
EPS= $611,881 / 50,584,11 = $0.012c

Wells in production: 25
Average production in Q2: 104bopd (75bopd was Q1, increase of 29bopd of 28%)
Average Price: $101 per bbl - LLS(Louisiana Light Sweet oil, premium to WTI)
COST per barrel - $18.85/bbl

Management Discussion and Analysis Highlights
The Company 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.

Overall the Company has recovered from giving up 25% of its interested in the Fayette Field wells at payout. Currently, with the MacNeil wells and Craig wells at payout, revenues are on a growth pattern again. The Company was able to grow just utilizing cash flow. Several new projects are in the pipeline and the Craig #3 well will payout in the next few months increasing that revenue stream. KFG will have no problems financing growth through its internal cash flow throughout the remainder of its fiscal year ending April 30, 2015. In addition, the Barnum #2 well is on production as of mid September 2014. The Craig #4 well was recently completed as a dryhole. With the Company’s current cash position and a quick ratio of 2.5, the Company is in a good position to weather the current collapse in oil prices from about $84 in October 2014 to around $55 - $60/bbl at this writing and will still show positive cashflow. The Company’s operating cost per bbl is currently $18.85/bbl.

The Company reported net income of $611,881 for the six months ended October 31, 2014 compared to net income of $238,365 for the six months ended October 31, 2013, with the increase in net income a result less operating expenses plus better prices for oil and new oil from the Craig and McNeil bases due to increased working interest in the wells as well as total overhead charges remaining virtually unchanged.

The Company reported net income of $151,781 for the three months ended October 31, 2014 compared to net income of $124,840 for the three months ended October 31, 2013, with the increase in net income a result less operating expenses plus new oil from the Craig and McNeil bases due to increased working interest in the wells.
( Barnum 2 likely reduced our net income this quarter as this was an expensive well)

During the quarter ended October 31, 2014, the Barnum #2 well was completed producing in excess of 100 BOPD. The Company has a 9% working interest in that well jumping to 16% at payout. The Company plans to offset that well in February 2015 as well as drill two new prospects. Gross income from oil sales increased 15% in spite of declining prices.

Outlook
Production at Fayette is stable and has started a slow decline. With the Dale lease back on production and new production coming off the Craig and Parker leases, KFG will have adequate internal cash flow to develop existing leases as well as support several new prospects in the coming months. Unless the price of oil collapses, the Company will generate sufficient capital to fund its requirements throughout 2014 internally. The Company’s outlook for the next six months is positive. With a current ratio of 2.97, KFG is well positioned to proper during this period of much lower oil prices. At this writing, no projects will be put off or delayed. The Company anticipates its 2015 drilling program starting in February 2015.


Share Capital
The total number of shares outstanding as at October 31, 2014 and December 22, 2014, is 50,584,144. As of October 31, 2014 and December 22, 2014, there were no stock options or warrants outstanding.

(My Notes)
Wells that are approved and still need to be drilled next year:

Fayette Well - Announced September 11th 2014
Seale Well - Announced November 5th 2014
Wall 1 Well - Announced November 5th 2014
Barnum 3 Well - Announced November 5th 2014
Wall 2 Well - Approved through Mississippi Legislature, to be announced soon
Jones Flower Well - Approved through Mississippi Legislature, to be announced soon

Craig 3 and Barnum will pay out soon which will add instant production to KFG.
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Old 12-30-2014, 06:42 PM   Nav to Top  #116
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KFG Resources earns $611,881 in fiscal H1 2014


2014-12-30 12:56 MT - News Release


Mr. Robert Kadane reports

KFG LOGS SOLID FIRST HALF FISCAL 2014

KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp. of Natchez, Miss., had revenue from the sale of oil and gas of $1,491,772 for the six months ended Oct. 31, 2014, compared with $1,129,981 for the six months ended Oct. 31, 2013. Management fee income was $220,523 for the period, compared with $211,028 for the corresponding six-month period in 2013. The company reported net income of $611,881 for the six months ended Oct. 31, 2014, compared with $238,365 for the comparable 2013 period. The company had cash on hand of $1,836,298 with total liabilities of $764,620. Current assets were $2,271,974. The company's operating costs per barrel for the six-month period ending Oct. 31, 2014, were $18.85 per barrel. Free cash flow for the period was $991,000 after all expenses.

Operationally, the Craig No. 4 well had oil shows but it was not considered commercial. KFG's drilling program for calendar 2015 will be unaffected by the decline in oil prices to date. KFG anticipates drilling activity to resume in February, 2015, with the drilling of three wells, starting with offsetting the company's Barnum Mp. 2 well in Adams county, Mississippi, and continuing with two shallow wildcats in Franklin county, Mississippi.

© 2014 Canjex Publishing Ltd. All rights reserved.
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Old 01-20-2015, 07:39 PM   Nav to Top  #117
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Symbol C : KFG
Shares Issued 50,584,144
Close 2015-01-16 C$ 0.09
Recent Sedar Documents
View Original Document
KFG resumes drilling at Wilcox


2015-01-20 11:53 MT - News Release


Mr. Robert Kadane reports

KFG REPORTS STATUS OF MISSISSIPPI WILCOX DRILLING PROGRAM

KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp. of Natchez, Miss., has resumed its Wilcox shallow drilling program. The company is moving in on the Wall No. 1, a 4,600-foot Wilcox test, to be followed by the Seale No. 1, another 4,600-foot Wilcox test. Both wells are wildcats in Franklin county, Mississippi. KFG has a 10-per-cent working interest in both wells and, if successful, will jump to a 21.5-per-cent working interest after payout.

Also, the company is staking location to offset its Barnum No. 2 well in Adams county, Mississippi, a 6,700-foot Wilcox test. The Barnum No. 2 well has already produced 10,000 barrels, and has settled down to a rate of 70 barrels of oil per day. The Barnum No. 3 well will be drilled as weather permits, probably in early February. KFG has a 9-per-cent working interest in the Barnum lease, increasing to a 20.5-per-cent working interest at payout.

© 2015 Canjex Publishing Ltd. All rights reserved.
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Old 01-21-2015, 07:03 PM   Nav to Top  #118
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Was looking for recent insider buying and I found this as our description. Good to see we are updated upto the recent financials and they look good on there.
https://www.canadianinsider.com/node...+KFG+Resources

Now for recent insider buying:

Haney, Kevin
Insider's Relationship to Issuer: 3 - 10% Security Holder of Issuer

Transaction
Date Transaction Nature # or value acquired
or disposed of Price Account
Balance

Security Type: Common Shares (Direct Ownership)

Jan 20/15 10 - Acquisition in the public market 10,000 $0.090 5,840,000
Jan 15/15 10 - Acquisition in the public market 5,000 $0.105 5,830,000
Jan 2/15 10 - Acquisition in the public market 5,000 $0.110 5,788,500
Jan 7/15 10 - Acquisition in the public market 10,000 $0.105 5,820,000
Jan 7/15 10 - Acquisition in the public market 25,000 $0.100 5,810,000
Dec 30/14 10 - Acquisition in the public market 3,500 $0.100 5,778,500
Jan 6/15 10 - Acquisition in the public market 1,500 $0.090 5,785,000
Jan 2/15 10 - Acquisition in the public market 5,000 $0.100 5,780,000
Dec 16/14 10 - Acquisition in the public market 2,000 $0.110 5,752,000
Dec 23/14 10 - Acquisition in the public market 15,000 $0.100 5,775,000
Dec 23/14 10 - Acquisition in the public market 8,000 $0.095 5,760,000
Dec 3/14 10 - Acquisition in the public market 5,000 $0.110 5,750,000
Nov 28/14 10 - Acquisition in the public market 10,000 $0.130 5,745,000
Nov 26/14 10 - Acquisition in the public market 5,000 $0.135 5,735,000
Nov 25/14 11 - Acquisition carried out privately 5,000 $0.140 5,730,000
Nov 17/14 10 - Acquisition in the public market 5,000 $0.130 5,715,000
Nov 24/14 10 - Acquisition in the public market 5,000 $0.125 5,725,000
Nov 18/14 10 - Acquisition in the public market 5,000 $0.140 5,715,000
Nov 17/14 10 - Acquisition in the public market 20,000 $0.140 5,710,000
Nov 14/14 10 - Acquisition in the public market 60,000 $0.130 5,690,000
Nov 14/14 10 - Acquisition in the public market 150,000 $0.135 5,630,000
Nov 14/14 10 - Acquisition in the public market 15,000 $0.125 5,480,000
Nov 7/14 10 - Acquisition in the public market 25,000 $0.105 5,465,000
Nov 6/14 10 - Acquisition in the public market 15,000 $0.115 5,440,000
Nov 5/14 10 - Acquisition in the public market 20,000 $0.115 5,425,000
Nov 4/14 10 - Acquisition in the public market 35,000 $0.125 5,405,000
Nov 4/14 10 - Acquisition in the public market 5,000 $0.120 5,370,000
Oct 29/14 10 - Acquisition in the public market 40,000 $0.130 5,365,000
Oct 27/14 10 - Acquisition in the public market 55,000 $0.130 5,325,000
Oct 27/14 10 - Acquisition in the public market 80,000 $0.120 5,270,000
Oct 24/14 10 - Acquisition in the public market 50,000 $0.090 5,190,000
Oct 21/14 10 - Acquisition in the public market 40,000 $0.085 5,140,000
Oct 14/14 00 - Opening Balance-Initial SEDI Report 5,100,000
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Old 02-23-2015, 08:23 PM   Nav to Top  #119
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KFG Resources cases Barnum No. 3 well


2015-02-23 14:05 MT - News Release


Mr. Robert Kadane reports

KFG REPORTS STATUS OF MISSISSIPPI DRILLING PROGRAM

KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp. of Natchez, Miss., has set production casing in its Barnum No. 3 well logging several potential oil zones in the well. A completion attempt will be made in the Parker sand at 6,415 feet (the producing zone in the Barnum No. 2 well). The company has a 9-per-cent working interest in the well until payout and a 20.5-per-cent interest thereafter.

In addition, the company has run production casing in its Craig No. 5 well to 6,400 feet to test the Benbrook sand at 6,214 feet. The producing sand on the Craig lease, the second Wilcox sand at 4,348 feet, was also present and productive significantly expanding oil reserves on the lease. KFG has a 21.5-per-cent working interest in the Craig No. 5 well. As the wells are perforated and put on production a report will follow. The company also drilled two wildcats, both dry holes, in Franklin county, Mississippi, the Seale No. 1 and the Wall No. 1, both 4,600-foot shallow dry holes. The company had a 10-per-cent working interest in both wells.

© 2015 Canjex Publishing Ltd. All rights reserved.
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Old 03-09-2015, 06:31 PM   Nav to Top  #120
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KFG shuts down Barnum, Craig operations on bad weather


2015-03-09 13:34 MT - News Release


Mr. Robert Kadane reports

KFG OPERATIONS UPDATE

KFG Resources Ltd.'s subsidiary's latest two wells -- the KFG Petroleum Corp. Barnum No. 3 and the Craig No. 5 -- are still awaiting completion. Rain, snow and ice in the past three weeks have shut down field operations. A further report will be issued when dry weather permits operations to continue. The company plans a late spring and summer drilling program with four new projects currently and two potential development wells, depending on offset well performance, all in Mississippi.

© 2015 Canjex Publishing Ltd. All rights reserved.
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