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Old 08-23-2013, 11:11 PM   Nav to Top  #21
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KFG Audited Financials for 2012 as at April 30th 2013



Cash $860,632

Accounts Receivables $473,473

Property& Equipment $1,143,053



Accounts Payable $429,537

Debt $0



2013 Revenue $3,045,879 (Oil & Gas + Management Revenue)

2013 Net Income $76,164



Net Cash Used In Operations $291,131

Cash Increase in 2012 $223,737

Total Wells in production 15



Shares Outstanding 50,584,144

Warrants 2,750,000 @ 0.10c expire Oct.14 2013



MD&A Highlights and Updates



Results of Operations

For the year ended April 30, 2013 compared with fiscal year April 30, 2012



Revenue from the sale of oil and gas was $2,925,253 for the year ended April 30, 2013, compared to $3,388,559 for the year ended April 30, 2012. The decrease in revenue from the sale of oil and gas was a result of slightly less crude oil being produced because of declines starting at Spring Hill at Fayette, and a decrease in the price of oil.



KFG had cash at April 30, 2013 of $860,632. The new oil production at Fayette, currently at 80 BOPD, is providing positive cashflow and will continue to do just that. Also the Company’s new oil revenues will provide a borrowing base the Company did not have before the Fayette development. As of now, the Company plans to expand as cashflow permits. The Company has adequate cash and cash flow to fund its program for fiscal 2013.



Fourth Quarter

The fourth quarter ending April 30, 2013 saw 2 Company wells off production – the Dale #5 and the Dale #8, because of saltwater disposal problems. It is anticipated that problem will be solved in the fall of 2013. Also KFG had problems at Fayette which have been solved. The price of crude oil dropped during the quarter but has since recovered. There was a swing of about $18/barrel



Management fee revenue for the year ended April 30, 2013 was $120,626 as compared to $108,042 for the year ended April 30, 2012. The increase is a result of more work for other companies due to general increase in activity in the industry as well as two additional wells to operate.



Exploratory costs and abandonment’s for the year ended April 30, 2013 were $nil as compared to $10,048 for the year ended April 30, 2012. The amounts are comparable from year to year.



Lease operating expenses were $610,042 for the year ended April 30, 2013 compared to $1,055,942 for the year ended April 30, 2012. The decrease in lease operating expenses is a result of better control of operations at Fayette.



Intangible drilling costs decreased to $962,167 for the year ended April 30, 2013 compared to $1,388,368 during the year ended April 30, 2012. The decrease is a result of fewer wells being drilled.



General and administrative expenses for the year ended April 30, 2013 were $1,051,935 compared to $955,304 for the year ended April 30, 2012. The main increase in costs is a result of increases in automotive costs as a result of a new vehicle for field employees, increased rent for the Natchez office, salaries for two new employees.



Depletion and amortization costs for the year ended April 30, 2013 were $337,731 compared to $219,134 for the year ended April 30, 2012, reflecting product on the proved reserves in the current year as well a higher depreciable base on the equipment. One well, the 26-2, had large expenditures for completion expenses with no reserve value.



The Company reported a net income of $76,164 for the year ended April 30, 2013 compared to net loss of $147,012 for the year ended April 30, 2012, with the increase in net income being a result of better control of field operation expenses and less drilling costs.



During the three month period ending January 31, 2013, the #1 Miller well, Concordia Parish, Louisiana, was put on production for 25 BOPD. In March 2013, the #2 MacNeil was completed flowing 75 BOPD. Both wells will add to revenues going forward but the full impact won’t be felt until payout, estimated to be during the fall of 2013. The quarter ended January 31, 2013 evidenced a return to profitability because no dry holes were drilled.



Outlook

Currently there are 8 wells producing at Fayette. The 3D seismic program has been reprocessed and the Company has several promising leads. The Company’s interest has reverted as of March 1, 2013 and dropped 100% WI to 74.5% WI. KFG is confident that production will continue to increase as the new areas are drilled in 2013 and should exceed pre-payout production. Two new areas – Clayton in Concordia Parish, La, and Carthage Point in Adams Co., MS have been tested and put on production in the first quarter of 2013. In addition, 9 areas are being leased which should be tested during the summer

and fall of 2013. At Clayton, the #1 Miller well is producing 25 BOPD and at Carthage Point, the #2 MacNeil is 38 BOPD. At both projects, KFG has a minor interest (8% or less) before payout and a 20% working interest after payout. The Company is operator and has a new well in the LaGrange Field that is currently being completed. KFG owns a 10% working interest in the well with additional potential in an oil zone behind pipe. Two additional projects are nearing completion and will probably be drilled in

the September – October 2013 time period in Mississippi.



The 3D seismic has been reprocessed and additional drilling will take place in 2013 based on the new 3D interpretations at Fayette. In addition, 9 new projects are in various stages of completion in Mississippi.



The Company has a new well, the Parker #2, in Adams Co, MS. The well has 2 pay zones and completion operations are underway. The well should be producing by September 1, 2013. KFG is operator and has a 10% working interest in the well and 160 surrounding acreage. A north offset to the MacNeil #2 well in Adams Co, MS has been staked and will be drilled in the near future. The drilling program mentioned above will begin in September 2013.



Proposed Transactions

The Company is not contemplating any other transactions, which have not already been disclosed. The Company continues to look at other property acquisitions and to seek joint venture partners on its properties on a regular basis.
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Old 08-28-2013, 11:28 AM   Nav to Top  #22
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KFG 51-101
As per the last 51-101 which ended April 30th 2013

408,300 barrels of light oil and gas (122,500oil + 1000gas Net to KFG)

NPV(Net Present Value with 10% Discount) $6,056,502

KFG.V's Reserves and NPV have gone up 30% over the last year. With
the intense drill program being done in 2013, I can easily see the
reserves going up at least 50%, if not more by next year. The Kansas
property has not had production at all in a while, so if the company
can get some new wells from that area in production, it could change
things substantially.
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Old 09-04-2013, 09:27 PM   Nav to Top  #23
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KFG Resources drills, logs, cores MacNeil No. 3 well

2013-09-04 15:06 MT - News Release



Mr. Robert Kadane reports

KFG RESOURCES LTD. OPERATIONS UPDATE

KFG Resources Ltd.'s MacNeil No. 3 well has been drilled, logged and cored, and production casing has been set at 4,610 feet. The well had 16 feet of Stewart B oil sand -- extending the same reservoir found in the MacNeil No. 2 well located 660 feet south of the MacNeil No. 3 well. The company will report completion data when available (two to three weeks). KFG has an 8-per-cent working interest in the well reverting to 20 per cent at payout. The prospect contains 200 acres.

La Grange field

The company's saltwater disposal well, on its Parker lease, has been approved. Consequently, completion operations can start on the company's Parker No. 2 well. The company has a 10-per-cent working interest in the well and surrounding 160 acres and also has an oil zone behind pipe, which will be developed after the Parker No. 2 well has been on production for an extended period.
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Old 09-09-2013, 01:04 PM   Nav to Top  #24
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Level 2 Quote



Market Maker

Shares

Bid Price

Ask Price

Shares

Market Maker


100,000 0.040 0.045 18,000
780,000 0.035 0.050 200,000
537,000 0.030 0.055 50,000
68,000 0.025 0.060 100,000
25,000 0.020 0.065 50,000
100,000 0.015 0.070 56,000
200,000 0.010 0.080 5,000
400,000 0.005 0.100 10,000
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Old 10-01-2013, 01:55 AM   Nav to Top  #25
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KFG Q1 Results with MD&A Highlights

Q1 2013 Net Earnings were $113,525.

Cash $1,794,774 Last Quarter $860,632
Receivables $298,160 Last Quarter $473,473
Market Securities $508 Last Quarter $1,564
Prepaid Expenses $3,521 Last Quarter $1,068
Bond $20,000 Last Quarter $20,000
Property & Equipment $1,296,717 Last Quarter $1,143,053

Total $3,413,680 Last Quarter $2,499,790

Liabilities & Debt

Debt $0 Last Quarter $0
Accounts payable $590,097 Last Quarter $429,537
Deposits From Well Co-owners $639,805Last Quarter $0

Total $ 1,229,902 Last Quarter $429,537



Overall Performance
For the three months ended July 31, 2013, the Company had cash flow from oil and gas production of $415,482, compared to $549,630 for the three months ended July 31, 2012. Oil production increased from 81.70 BOPD to 86.15 BOPD, and gas production increased 2.2 MCF per day. The average price of gas increased $0.85 per MCF and the average price of crude oil decreased $11.77 per bbl when comparing the three months ended July 31, 2013 and July 31, 2012.

Liquidity and Capital Resources
The Company’s main sources of liquidity are internally-generated cash flow from its oil and gas operations and access to equity capital markets. Because KFG’s internally-generated cash flow is presently sufficient to fund its overall operating expenses, the Company will not require continued additional funding in order to execute on its business strategy. KFG had cash at July 31, 2013 of $1,794,774. Oil production at Fayette, is providing positive cash flow and will continue to do just that. Also the Company’s new oil revenues will provide a borrowing base the Company did not have before the Fayette development. As of now, the Company plans to expand as cash flow permits.

There were no warrants outstanding as at July 31, 2013 or September 30, 2013. Assuming all outstanding stock options be exercised, the Company would receive additional proceeds of $CDN 275,000. The expiration date of the outstanding stock options is October 14, 2013.

Outlook
At Spring Hill, the 26-1 and 26-2 wells have proved disappointing and are marginal. In a new area in Adams Co, MS, the MacNeil #2 and #3 wells are starting to impact production. The Company has a 8% working interest in these wells reverting to a 20% working interest at payout. A new well, the Parker #2 in the LaGrange Field is awaiting completing. The Company has a 10% working interest in that well. Several new projects are coming to fruition and two new projects are scheduled to be tested in the new future.
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Old 10-17-2013, 10:45 AM   Nav to Top  #26
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KFG Resources Ltd
Symbol C : KFG
Shares Issued 50,584,144
Close 2013-10-15 C$ 0.035
Recent Sedar Documents

View Original Document
KFG Resources' MacNeil No. 3 returns 80 bopd

2013-10-16 14:40 MT - News Release


Mr. Robert Kadane reports

MACNEIL NO. 3 WELL FLOWING 80 BOPD

KFG Resources Ltd. has provided the following update.

Adams county, Mississippi

Carthage Point field

KFG Resources' MacNeil No. 3 well was perforated in the Stewart B sand of the Wilcox formation at 4,392 feet and is flowing 80 barrels of oil per day. The MacNeil No. 3 well extends the reservoir 660 feet north of the MacNeil No. 2 well. KFG has an 8-per-cent working interest in the lease, reverting to a 20-per-cent working interest at payout. The total production from the lease is 113 barrels of oil per day. The prospect contains 200 acres.

LaGrange field

The company's Parker No. 2 well has been completed for 25 barrels of oil per day. The company has a 10-per-cent working interest in the well and surrounding 160 acres. The delay between completion and the start of production (two months) was due to the need to convert a well for saltwater disposal. The company has spudded a new Wilcox test at the LaGrange field: the Craig No. 1. It will be a 6,000-foot Wilcox test. The company has a 10-per-cent working interest in the well reverting to a 22-per-cent interest at payout.

Warren county, Mississippi

Wildcat

KFG drilled its No. 1 Hannah well to 11,350 feet. Production casing has been set to 11,350 feet, and completion operations will begin shortly. KFG has a 5-per-cent working interest in the well, reverting to an 18-per-cent working interest at payout.#

© 2013 Canjex Publishing Ltd. All rights reserved.
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Old 10-24-2013, 02:55 PM   Nav to Top  #27
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KFG Resources drills Craig No. 1 well to 6,600 feet


2013-10-23 15:00 MT - News Release


Mr. Robert Kadane reports

KFG RUNS PRODUCTION CASING AT MIDDLE LAGRANGE FIELD

KFG Resources Ltd.'s Craig No. 1 well was drilled to a total depth of 6,600 feet, and production casing has been set through the first Wilcox sand of the Wilcox formation at 4,400 feet. The well encountered a total oil interval of 21 feet, with a net oil column from 4,318 feet to 4,332 feet. KFG has a 10-per-cent working interest in the well, reverting to a 22-per-cent working interest at payout. Completion operations will begin next week.

Carthage Point field

The MacNeil No. 2 and No. 3 wells are producing a total of 130 barrels of oil per day. The company has an 8-per-cent working interest before payout and a 20-per-cent working interest after payout. A third well may be drilled if production history warrants.

Warren county, Mississippi

WildcatPipe has been set to 11,350 feet in this exploratory test. Completion operations have begun. KFG has a 5-per-cent working interest in the well, reverting to an 18-per-cent working interest at payout.

© 2013 Canjex Publishing Ltd. All rights reserved.
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Old 11-06-2013, 09:01 AM   Nav to Top  #28
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Someone gave KFG's CEO shares as a gift. Not sure who though.



As of 11:59pm ET November 5th, 2013
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Nov 5/13 Nov 1/13 Kadane, Robert Andrews Direct Ownership Common Shares 47 - Acquisition by gift 149,778



I also forgot to mention that a few weeks ago the 10c warrants all expired. From last MD&A:



Share Capital

The total number of shares outstanding as at July 31, 2013 and September 30, 2013, is 50,584,144. As of July 31, 2013 and

September 30, 2013, there were 2,750,000 stock options outstanding. As there is no vesting schedule attached to the stock

options, all options are exercisable. There were no warrants outstanding as at July 31, 2013 or September 30, 2013. Assuming

all outstanding stock options be exercised, the Company would receive additional proceeds of $CDN 275,000. The expiration

date of the outstanding stock options is October 14, 2013.



Issuer Name: KFG Resources Ltd



Date of Last Reported
Transaction(YYYY-MM-DD) Security
Designation Registered
Holder Closing Balance Insider's calculated balance Closing balance of equivalent number
or value of underlying securities



Insider Name: Gilbert, James Franklin

Insider Relationship: 5 - Senior Officer of Issuer

Ceased to be Insider: Not Applicable



1994-04-07 Options (Common Shares) 0 0



2008-10-06 Options (Common Shares) 250,000 250,000









Insider Name: Guido, George Stephen

Insider Relationship: 5 - Senior Officer of Issuer

Ceased to be Insider: Not Applicable



2010-08-06 Common Shares 1,018,740 1,018,740



1994-04-07 Options (Common Shares) 1,325,000 1,325,000









Insider Name: Kadane, Elizabeth Jean

Insider Relationship: 4 - Director of Issuer

Ceased to be Insider: Not Applicable



2010-01-22 Common Shares 100,000









Insider Name: Kadane, Robert Andrews

Insider Relationship: 3 - 10% Security Holder of Issuer

Ceased to be Insider: Not Applicable



2013-11-01 Common Shares 1,336,160



2004-02-10 Common Shares Elizabeth J. Kadane 117,000



2008-10-06 Options (Common Shares) 1,425,000 1,425,000 1,425,000









Insider Name: Manson, Paul B.

Insider Relationship: 5 - Senior Officer of Issuer

Ceased to be Insider: 2008-09-11



2006-07-10 Common Shares Banks Island Mgnt Services Inc. 103,000









Insider Name: Pople, Keith Neale

Insider Relationship: 4 - Director of Issuer

Ceased to be Insider: Not Applicable



1994-04-07 Common Shares 0



1994-04-07 Options (Common Shares) 200,000 200,000









Insider Name: Raftery, Michael Paul

Insider Relationship: 4 - Director of Issuer

Ceased to be Insider: Not Applicable



2008-10-14 Options (Common Shares) 200,000 200,000
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Old 11-07-2013, 09:36 AM   Nav to Top  #29
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Level 2 Quote



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58,000 0.040 0.045 115,000
69,000 0.035 0.050 4,000
462,000 0.030 0.055 34,000
20,000 0.025 0.060 33,000
103,000 0.020 0.075 11,000
150,000 0.015 0.080 5,000
200,000 0.010 -- -- --
300,000 0.005 -- -- --
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Old 11-12-2013, 04:32 PM   Nav to Top  #30
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KFG Resources Ltd
Symbol C : KFG
Shares Issued 50,584,144
Close 2013-11-11 C$ 0.035
Recent Sedar Documents

View Original Document
KFG Resources's No. 1 Craig well flows 100 bopd

2013-11-12 14:26 MT - News Release


Mr. Robert Kadane reports

KFG'S NO. 1 CRAIG FLOWING 100 BOPD

KFG Resources Ltd.'s wholly owned subsidiary, KFG Petroleum Corp., has completed its No. 1 Craig well in the LaGrange field, Adams county, Mississippi. The well was perforated in the second Wilcox sand at 4,322 feet and kicked off flowing without stimulation 100 barrels of oil per day, with no water and flowing tubing pressure 1,100 pounds per square inch. The company has 300 acres under lease, and a development well will be drilled in early 2014. The company is operator of the well and has a 10-per-cent working interest in the well, reverting to a 22-per-cent working interest after payout.

Warren county, Mississippi

The company's No. 1 Hannah well is being completed in the second Rodessa sand at a depth of 11,180 feet. A progress report will be forthcoming in a couple of weeks.

Franklin county, Mississippi

Several new prospects are in various stages of completion and should be drilled next year.

Concordia parish, Louisiana

KFG's Moore prospect is scheduled to be drilled before year-end 2013, weather permitting. It will be a 5,500-foot Wilcox test.

© 2013 Canjex Publishing Ltd. All rights reserved.
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