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Old 12-30-2015, 09:37 PM   Nav to Top  #141
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KFG Resources LTD. Q2 Results (Ending October 31, 2015)

Before reading, as a shareholder you should understand the following:

- All numbers are in US Dollars and therefore the balance sheet and assets do not reflect the true value that KFG is actually worth per share. Being a TSXV listed company, you must convert the numbers to Canadian dollars in order to get a true value
- The company is in such a strong financial position that it will be able to weather this down turn in oil prices better than most junior o&g companies in the lower end market cap range.
- Barnum 4, Drouet and Stockfelt production & revenue, were not added to this quarter, only the costs.

Price: $0.05
Common Shares: 50,584,144
Insider/Institutional Holdings: 17%
Financials(In US Dollars)

Assets
Cash: $1,818,812( $2.5 million CDN or $0.05c a share)
Accounts Receivable: $239,482
Prepaid Expenses: $33,225
Reclamation Bond: $20,000
Property and equipment: $992,051
Total Assets: $3,103,570

Liabilities
Accounts Payable: $1,007,729
Decommissioning Liability: $235,060
Total Liabilities: $1,242,789

It’s good to see that KFG has more than enough cash to cover all liabilities and continue drilling with the excess capital. Revenue was down again this quarter because of oil prices and costs increased substantially due to the fact that several productive wells were charged in the quarter, but cash flow will not be added until Q3. Leasing operations and office expenses increased by over $200,000 which caused the loss in the quarter, otherwise KFG would have been flat for earnings.

Oil and gas revenue: $295,631 (production high but average barrel revenue was lower)
Management fee’s: $185,494(This increased by almost $100,000 which is a great secondary revenue)
Total Revenue: $481,125
Total Expenses: $688,262

MD&A Highlights

During the six months ended October 31, 2015 and 2014, oil and gas was the Company’s main source of revenue, and to a lesser extent management fees. At present rates of production and oil prices, management believes the Company has sufficient cash reserves to finance its activities for the remainder of the fiscal year.

The Company drilled and completed two wells in early 2015, which were not on production until late May and June 2015. Those wells, together with two new wells completed in late September 2015, should add to cash flow and lower overall production cost. The Company is participating in the drilling of new shallow wells in north central Texas, marking KFG’s entry into Texas. The Company has a 14% working interest in this venture. The first well drilled was completed as a dry hole. A second well will be drilled in the first quarter of 2016, as a 2,000’ Dyson Sand test in Archer County, Texas. Depending on the results of this well, the Company may elect to participate in the drilling of additional wells in this venture

The quarter ended October 31, 2014 was the last quarter of prices above $100/bbl and reflected the new production. During the quarter ended January 31, 2015, through to the quarter ended April 30, 2015, further price declines and increased depreciation and amortization occurred as a result of a lower reserve bases. Two wells were drilled in February 2015 but were not put on production until late May 2015. The quarter ended July 31, 2015, saw some stabilization of costs. The current quarter has seen two new wells drilled. The quarter ended October 31, 2015 saw two new wells drilled and one dry hole. New production was after the quarter ended. The Barnum #4 and the Drouet Poole Estate wells are adding to production at present but a price of less than $40/bbl is hurting cashflow.
Liquidity and Capital Resources

The Company’s main sources of liquidity are internally-generated cash flow from its oil and gas operations. Because KFG’s internally-generated cash flow is presently sufficient to fund its overall operating expenses, the Company will not require additional funding from equity capital markets.

KFG had cash at October 31, 2015 of $1,818,812. Although oil prices have collapsed, the Company, through the six months ended October 31, 2015, continues to generate positive cash flow. Two recent wells should help continue the trend. The Company will continue to manage its cash resources and will complete its current drilling program. In addition, the Company is increasing its inventory of projects seeking longer term leases. The Drouet Poole Estate #1 well and the Barnum #4 well are adding to production but is somewhat offset by crude oil prices at $35/bbl.

Share Capital
The total number of shares outstanding as at October 31, 2015 and December 28, 2015, is 50,584,144. As of October 31, 2015 and December 28, 2015, there were no stock options or warrants outstanding.

Outlook
The Company’s cash position going forward will be able to finance all projects internally for the remainder of its fiscal year ending April 30, 2016. The Company drilled and completed two wells in early 2015, which were not on production until late May and June 2015. Those wells, together with two new wells completed in late September 2015, should add to cash flow and lower overall production cost. The Company is participating in the drilling of new shallow wells in north central Texas, marking KFG’s entry into Texas. The Company has a 14% working interest in this venture. The first well drilled was completed as a dry hole. A second well will be drilled in the first quarter of 2016, as a 2,000’ Dyson Sand test in Archer County, Texas. Depending on the results of this well, the Company may elect to participate in the drilling of additional wells in this venture.
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Old 10-10-2016, 11:08 PM   Nav to Top  #142
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KFG Resources appoints Haney, Grassi as directors



2016-10-07 07:38 MT - News Release


Mr. Robert Kadane reports

KFG RESOURCES LTD. APPOINTS HANEY, GRASSI TO THE BOARD OF DIRECTORS

KFG Resources Ltd. has appointed Kevin Haney and Giacomo Grassi to its board of directors. The following are brief biographies of KFG's new directors.

Mr. Haney has over 20 years of experience in the oil industry with experience as a director for Bird River Resources, a public oil exploration company. Today, Mr. Haney owns a private company with an oil and investment division. He currently holds 6,055,000 common shares, or approximately 12 per cent of the outstanding shares of KFG Resources.

Mr. Grassi has over a decade of combined experience in retail, wholesale and marketing in multiple industries, along with mineral exploration in Canada. He holds a BA degree from the University of Calgary and a graduate gemologist diploma for the Gemological Institute of America. Mr. Grassi currently holds 1,299,000 common shares, or approximately 2.6 per cent of the outstanding shares of KFG Resources.

Robert Kadane, president of the company, would like to thank former directors Keith Pople and Michael Raftery for their 22 years of service on behalf of KFG Resources.

© 2016 Canjex Publishing Ltd. All rights reserved.
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Old 10-14-2016, 08:56 AM   Nav to Top  #143
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The company website has been updated and there is a new presentation:

KFG Resources Ltd. | KFG Resources Ltd. is an independent emerging North American petroleum and natural gas exploration company. Through its U.S. subsidiary, the company has interests in operations located in Mississippi, Louisiana, and Texas . The co

http://kfgresources.com/wp-content/u...ober-11th-.pdf
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Old 11-03-2016, 07:13 PM   Nav to Top  #144
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KFG unit seeks financing for drilling in Mississippi

2016-11-03 13:40 MT - News Release

Mr. Robert Kadane reports

KFG Resources Ltd. subsidiary KFG Petroleum Corp., of Natchez, Miss., is in the process of attempting to finance its drilling and development program. The current environment is extremely difficult, and it may be the first quarter of 2017 before sufficient drilling funds have been raised to protect the company's cash position.

The company has one, possibility two, development wells to drill in Mississippi, but currently, partners and mineral interest owners do not want to drill and sell the oil at current prices, but will be agreeable in the 60-dollar-per-barrel range. The company has assembled two wildcat acreage blocks in Mississippi, but to date, the company has not been able to raise enough capital to justify the dry hole risk involved. The fact that most operators only have year-end budgets and can not project reliable cash flow in the near future, because of fluctuating oil prices, makes planning difficult, but KFG is pursuing all leads.

KFG would like to acknowledge its new director, Giacomo Grassi, for the work he has done on the company's new website.

© 2016 Canjex Publishing Ltd. All rights reserved.
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Old 12-06-2016, 11:05 PM   Nav to Top  #145
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Good article on top oil jurisdictions in the world. This includes Mississippi and Texas: Oklahoma is*the Most Attractive Place for Oil and Gas Investment: Fraser - Oil & Gas 360
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Old 01-05-2017, 03:28 PM   Nav to Top  #146
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Jan 2017 company presentation - Investor Information | KFG Resources Ltd.
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Old 04-07-2017, 11:43 PM   Nav to Top  #147
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April 2017 Company Presentation - http://kfgresources.com/wp-content/u...esentation.pdf

Lots of recent insider buying - 302 Found
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Old 04-08-2017, 12:09 AM   Nav to Top  #148
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Sad inside buying?

You talking like 1500 bucks worth talking about for inside buying....
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Old 04-12-2017, 10:40 AM   Nav to Top  #149
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Originally Posted by tank View Post
You talking like 1500 bucks worth talking about for inside buying....

More insider buying, it's been constant. Not big blocks because the insider doesn't obviously want to get the price up, so slowly pick away at it.
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Old 05-10-2017, 10:57 AM   Nav to Top  #150
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KFG Resources' KFG Petroleum to lay off two employees



2017-05-10 08:32 MT - News Release


Mr. Robert Kadane reports

KFG RESOURCES TO ADMINISTER FURTHER COST CUTTING MEASURES

KFG Resources Ltd. subsidiary KFG Petroleum Corp., of Natchez, Miss., has implemented further cost reductions in order to counterbalance the reduction in oil prices. Starting in June, the company overhead will be reduced as two additional employees are released, saving on salaries and insurance.

For the month of March, KFG Petroleum produced an average of 65.4 barrels of oil per day from 19 wells. Management is looking at numerous ways to increase shareholder value. However, there can be no assurance that a deal will be reached. KFG's drilling program is slated to start in the summer, pending the stabilization of oil prices and financing from joint venture partners.

© 2017 Canjex Publishing Ltd. All rights reserved.
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