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Old 02-22-2019, 02:58 PM   Nav to Top  #171
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October 2018 presentation from Hillcrest explaining the potential of West Hazel: https://www.youtube.com/watch?v=6NH-PzrlIX4
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Old 02-24-2019, 07:52 PM   Nav to Top  #172
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KFG Insider Buying

Filing date: 2019-02-22
Transaction: 2019-02-22 $KFG
KFG Resources Ltd Grassi, Giacomo
4 - Director of Issuer
Common Shares
10 - Acquisition or disposition in the public market $11,055
+201,000 vol
$0.055 each 1,500,000
Filing date: 2019-02-22
Transaction: 2019-02-22 $KFG
KFG Resources Ltd Haney, Kevin
3 - 10% Security Holder of Issuer, 4 - Director of Issuer
Common Shares
10 - Acquisition or disposition in the public market $3,025
+55,000 vol
$0.055 each 7,110,000
Filing date: 2019-02-06
Transaction: 2019-01-31 $KFG
KFG Resources Ltd KFG Resources Ltd.
1 - Issuer
Common Shares
38 - Redemption, retraction, cancellation, repurchase $840.00
+21,000 vol
$0.04 each 21,000
Filing date: 2019-02-06
Transaction: 2019-01-31 $KFG
KFG Resources Ltd KFG Resources Ltd.
1 - Issuer
Common Shares
00 - Opening Balance-Initial SEDI Report
Filing date: 2018-12-11
Transaction: 2018-12-10 $KFG
KFG Resources Ltd Kadane, Robert Andrews
4 - Director of Issuer, 5 - Senior Officer of Issuer
Common Shares
11 - Acquisition or disposition carried out privately $1,621.312
+50,666 vol
$0.032 each 896,668
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Old 03-23-2019, 01:26 PM   Nav to Top  #173
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Hillcrest produces 150 bpd of oil at West Hazel

2019-03-21 11:06 MT - News Release


Mr. Donald Currie reports

HILLCREST OIL PRODUCTION CLIMBS

Hillcrest Petroleum Ltd.'s upgraded West Hazel production facility is in operation, as previously announced, and production started from two wells on Jan. 13, 2019, and Jan. 15, 2019, respectively. Initial fluid production rates from both wells were as expected. Production from a third well was brought on-line in early March when weather conditions softened after an extreme record-breaking cold snap.

Production over the last five days from the three wells has averaged 150 barrels per day which meets the lower production estimates the company published in its previous releases, although those estimates considered production from all four wells. Hillcrest is encouraged by the early results, which are meeting or exceeding previous estimates. The company is focused on efforts to maximize the production from the current wells and is further upgrading the potential of the injector well, which in turn, if successful, could result in higher production numbers from the current three wells. A normalized sustained production rate is expected to take another three weeks to four weeks and will be released when achieved.

Hillcrest will move to work on and start production from the fourth well once current efforts have been completed, results reviewed and a rig is available.

As previously announced, under the terms of its joint venture agreement on the West Hazel property, the company will provide 100 per cent of reactivation costs to return the field to production to earn a 75-per-cent working interest, reverting to 50 per cent after recovery of reactivation costs.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 04-09-2019, 09:32 AM   Nav to Top  #174
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KFG April 2019 Company Presentation: http://kfgresources.com/wp-content/u...esentation.pdf
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Old 06-27-2019, 07:21 PM   Nav to Top  #175
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KFG Resources talks oil production in Jefferson county

2019-06-27 13:25 MT - News Release


Mr. Robert Kadane reports

KFG RESOURCES LTD. OPERATIONS UPDATE

KFG Resources Ltd. has noted a rework in Jefferson county, Mississippi. The Spring Hill No. 1 well was put back on production for 10 to 15 barrels of oil per day. KFG owns a 67.5-per-cent net revenue interest (NRI). In addition, the No. 4 Barnum well (KFG owns a 16.9-per-cent NRI) is scheduled to be reperforated in July in an attempt to increase production.

In Saskatchwan, Canada, at West Hazel, production on the fourth well has been restored. KFG has an 11.25-per-cent working interest in the acreage. The wells produce heavy oil and can take two to three months for daily steady production numbers to occur. Approximately 4,800 to 5,000 barrels of fluid a day is being produced with oil representing 1.5 per cent to 2 per cent, or 80 to 100 barrels of oil per day. As production stabilizes the oil cut percentage should increase resulting in more saleable oil. Current production is covering all operating and asset costs.

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Old 09-18-2019, 12:30 PM   Nav to Top  #176
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KFG participates in Wilcox test in Louisiana

2019-09-18 10:10 MT - News Release


Mr. Robert Kadane reports

KFG OPERATIONS UPDATE

KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp., Natchez, Miss., is participating in a 6,050-foot Wilcox test operated by Bay Gas LLC, in Concordia Parish, La. It comprises a 280-acre lease with a 25-per-cent royalty burden. KFG has a 2.5-per-cent working interest. Drilling is under way.

In Saskatchewan, KFG's interest at West Hazel continues to perform well with current production between 160 to 170 barrels of oil per day. KFG owns a financial interest through Hillcrest Petroleum equal to 11.25 per cent. Plans are being finalized for drilling on the lease and will be reported in the near future.

In addition, KFG is involved in a directional project with Bay Gas, in Wilkinson county, Mississippi, and details will be forthcoming when the location dries out enough to support a drilling operation, probably in October at this writing.

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Old 10-08-2019, 01:50 PM   Nav to Top  #177
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KFG October 2019 Company Presentation: http://kfgresources.com/wp-content/u...esentation.pdf
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Old 01-15-2020, 03:53 PM   Nav to Top  #178
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January 2020 Company Presentation: http://kfgresources.com/wp-content/u...esentation.pdf
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Old 01-31-2020, 12:21 PM   Nav to Top  #179
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Update from JV Partner HRH on West Hazel. KFG owns 15% of this project:

Hillcrest completes six months of West Hazel production

2020-01-31 07:27 MT - News Release


Mr. Donald Currie reports

HILLCREST WEST HAZEL PRODUCTION UPDATE

Hillcrest Petroleum Ltd., further to its news release of July 5, 2019, and Sept. 10, 2019, has provided an update on its operations at West Hazel.

The company has noted six full months of production after all four wells were brought back on production at the West Hazel property.

In early July, 2019, total fluid production (oil and water) was over 4,500 barrels per day, with oil cut estimated at 1.5 per cent to 2 per cent of total fluid. In September, the company announced production averaging over 150 barrels of oil per day, with oil cut increasing to between 2.5 per cent and 3 per cent.

Production performance over the past six months indicates consistently strong fluid flow capacity from the wells and reservoirs. Daily production from the field periodically exceeded 200 barrels per day, indicating the latent production potential from the field, as Hillcrest continues to optimize production operations. Oil rates over the last six months averaged 115 barrels per day, despite reducing total fluid production to minimize sand influx in the wells and operational issues in one of the wells.

"We are pleased with how the field has performed well and have gained valuable insight into how best to optimize production from the wells. Heavy oil operations require more attention and care than light oil, particularly with regard to sand produced with the oil, and our field staff have done an excellent job keeping all running even in severe cold temperatures," states Don Currie, chief executive officer of Hillcrest Petroleum. "The production revenue has created a floor for Hillcrest to work from and we continue to work to improve the company balance sheet and shareholder value. The company will continue to issue updates as developments occur."

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.
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Old 02-05-2020, 10:27 AM   Nav to Top  #180
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Hillcrest to connect West Hazel ops to Sask. power grid

2020-02-05 08:15 MT - News Release


Mr. Donald Currie reports

HILLCREST ELECTRIFIES WEST HAZEL OIL PRODUCTION OPERATIONS

Further to its recent news release dated Jan. 31, 2020, Hillcrest Petroleum Ltd. has provided an update on its operational improvement initiative to increase operational reliability and reduce operating costs by connecting its West Hazel production operations to the Saskatchewan power grid. The process will significantly reduce operating costs and eliminate greenhouse gas emissions from its current diesel/propane power system.

The Company recently initiated actions with Sask Power to connect its West Hazel oil production operations to Saskatchewan's electricity grid. Connection to the grid involves connecting to nearby main electricity transmission lines and installing necessary electrical equipment to service operational requirements.

This will transition West Hazel production operations from expensive, greenhouse gas emitting, diesel and propane fuels to clean grid electricity, is expected to deliver additional production from increased operational reliability (e.g. reduced downtime) and reduce direct operating expenses by approximately $8,000 per month, representing approximately a 10% operating cost saving.

"Since re-starting production from the West Hazel field early last year, we have gained valuable insight into opportunities to add value by optimizing our operations and implementing environmental best practices," commented Don Currie, CEO of Hillcrest Petroleum. "Electrifying the field is the first of a number of value adding field development activities planned to deliver maximum value from our West Hazel assets."

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.
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