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Old 05-06-2014, 09:05 AM   Nav to Top  #51
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Level 2
Orders/Shares Price Price Shares/Orders
5 / 173000 0.035 0.05 70000 / 2
2 / 80000 0.03 0.055 3000 / 1
3 / 72000 0.025 0.065 50000 / 1
2 / 115000 0.02 0.07 67000 / 1
4 / 281000 0.015 0.075 50000 / 1
2 / 220000 0.01 0.08 50000 / 1
2 / 310000 0.005 0.085 60000 / 1
-- / -- -- 0.09 10000 / 1
-- / -- -- 0.14 40000 / 1
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Old 05-07-2014, 05:46 PM   Nav to Top  #52
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MORNINGSTAR RATINGS FOR KFG RESOURCES LTD(KFG.V)
COMPANY DESCRIPTION
KFG Resources Ltd. is an 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. The Company, through its wholly owned subsidiary, KFG Petroleum Corporation (KFG), is engaged in producing crude oil and natural gas in Mississippi, Louisiana and Kansas. The Company's primary producing oil and gas reserves are located in the Dale Lease, Concordia Parish, Louisiana, Board of Education wells, Franklin Co, Mississippi and the Galtrey Wagner 1-1 and 50-10 wells in the Fayette Field, Jefferson County, Mississippi. The Company's gas reserves are primarily in the Smith #2 and Stewart #1 wells in Jefferson County, Mississippi (Fayette Field)

MORNINGSTAR’S TAKE
Sector Energy Quantitative Moat None
Industry Oil & Gas E&P Quantitative Uncertainty Very High
Country of Domicile Canada Financial Health Strong
Quantitative Fair Value 0.04CAD Momentum --
Valuation Undervalued Liquidity Medium

MORNINGSTAR’S KEY SCORES
Quantitative Fair Value
0.04
CAD
The Quantitative Fair Value (QFV) is a computer-generated stock price that Morningstar feels is a fair representation of what the per share value of a company should be. Factors that help in the determination of the QVF include historical financial data, such as revenues and expenditures, company data, such as size of the firm, as well as the scores of companies in similar sectors and industries. The QVF is a price measurement to help you determine whether the company is reasonably priced.
72 ValuationValuation compares the Quantitative Fair Value (QVF) to the actual price of the company. A company with a stock price trading below the QVF is considered relatively inexpensive. If the stock price is greater than the QVF, the company is considered relatively expensive. This means the higher the rating, the greater the buying opportunity.· COUNTRY· 48· SECTOR· 63
73 Quantitative UncertaintyQuantitative Uncertainty describes Morningstar's level of uncertainty about the accuracy of the Quantitative Fair Value. This means the lower the rating, the greater the implied accuracy of the Quantitative Fair Value.· COUNTRY· 34· SECTOR· 60
43 Quantitative MoatThe Quantitative Moat rating is computer-generated assessment of the strength of a firm’s competitive position. This is comparable to Morningstar’s Economic Moat rating. This means the higher the rating, the stronger the firm’s ability to hold off competitors.· COUNTRY· 27· SECTOR· 33
73 Financial HealthThe Financial Health rating is a computed measurement of a company's financial health. Factors considered in the assessment include total outstanding shares, volatility, company's assets & liabilities, and the overall likelihood of a company defaulting on its' debt obligations. This means the higher the rating, the stronger the company's financial health.· COUNTRY· 74· SECTOR· 74
-- MomentumThe Momentum rating reflects Morningstar's assessment of a stock's relative strength over the trailing 12 months. This rating is useful because it indicates how the stock will continue to perform against the market.
MED LiquidityThe Liquidity rating reflects Morningstar’s measurement of how easily company shares can be bought and sold on the market. Morningstar calculates this by using the trailing twelve months of daily volume. A high rating is preferable because it will be easier to complete a transaction.


FUNDAMENTALS
Compare KFG Resources Ltd to other Companies or Indexes
Price/Earnings Ratio (TTM) Price/Book Ratio(MRQ) Return on Equity(TTM) Total Debt/Total Capital (MRQ)
KFGKFG Resources Ltd -- 0.8 0.0 0.0
GROWTH
Net Profit Margin(%) EPS Growth (%) Sales Growth (%) Income Growth (%)
KFGKFG Resources Ltd 0.0 99.8 -22.1 151.8


Market Maker Shares Bid Price Ask Price Shares Market Maker
163,000 0.035 0.050 70,000
280,000 0.030 0.055 3,000
72,000 0.025 0.065 50,000
115,000 0.020 0.070 67,000
281,000 0.015 0.075 50,000
220,000 0.010 0.080 50,000
310,000 0.005 0.085 60,000
-- -- -- 0.090 10,000
-- -- -- 0.140 40,000
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Old 05-14-2014, 10:25 AM   Nav to Top  #53
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Level 2
Orders/Shares Price Price Shares/Orders
3 / 52000 0.045 0.05 100000 / 1
3 / 20000 0.04 0.055 3000 / 1
4 / 148000 0.035 0.06 60000 / 1
2 / 270000 0.03 0.065 50000 / 1
2 / 60000 0.025 0.07 67000 / 1
1 / 100000 0.02 0.075 50000 / 1
3 / 264000 0.015 0.08 50000 / 1
1 / 200000 0.01 0.09 10000 / 1
1 / 300000 0.005 0.13 100000 / 1
-- / -- -- 0.14 40000 / 1
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Old 05-16-2014, 12:39 AM   Nav to Top  #54
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Some additional background information on the CEO Robert Kadane

What are the basics on Robert Kadane? - PassFail

Robert A. Kadane | Elite American Executives

I still believe that KFG's goal is to grow it's reserves through drilling more wells at lower costs and proving up reserves in order to sell itself down the road. As proof of this, in the first link it shows how Robert Kadane did this a while back with his first company Prime Energy. That company still trades as PNRG on the NASDAQ at $57US a share. It took him a couple decades to get the play large enough, but KFG is at that cusp right now given that he started the company in 1994. With all financing and connections established and new wells being drilled constantly, we will likely see KFG follow PNRG.

Sure the well interests are lower, but any barrel we prove up in the ground is additional value added. We run profitably with over $1 million in cash showing in the books every quarter and no bank debt at all. Our oil price risks are reduced because we don't suffer the same fate as the WTI producers and there's no issue with Alberta oil differentials. Plus lets be honest here, with all the world issues going on that could affect oil supplies, I don't see Brent dropping anytime soon
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Old 05-21-2014, 11:56 AM   Nav to Top  #55
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Old shareholder getting out today at 4.5c. I checked all the buy orders from August 2012 until now and the only time Dundee came up was when that house sold 50,000 shares Nov 2013. What a bad time to sell, we have so much on the go right now. Sure the stock is quiet, but behind the scenes the company is planning a drill schedule for summer/fall. 3 wells are confirmed and another 3-5 wells will likely be added before year end results. Then year end, reserve report, and other updates will be out in a few months. It's a long wait and the "sell in May" mentality is here. But this is a good opportunity to get cheap shares in my opinion. Would buy more but i'm already loaded up. Oil prices are also getting stronger, and Brent will bring us at least $60 a barrel profit. That means every well counts, no matter how small. Also, friend of mine spoke to the company and we are paying out on 4 wells next month, that means KFG's production should go up anywhere from 20-30%

Level 2
Orders/Shares Price Price Shares/Orders
5 / 25000 0.04 0.045 299000 / 3
5 / 152000 0.035 0.05 104000 / 3
3 / 280000 0.03 0.055 3000 / 1
3 / 72000 0.025 0.06 60000 / 1
1 / 100000 0.02 0.065 50000 / 1
3 / 264000 0.015 0.07 90000 / 2
1 / 200000 0.01 0.075 50000 / 1
1 / 300000 0.005 0.08 50000 / 1
-- / -- -- 0.09 160000 / 3
-- / -- -- 0.13 100000 / 1
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Old 05-27-2014, 09:49 AM   Nav to Top  #56
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LEVEL 2 QUOTE
Market Maker Shares Bid Price Ask Price Shares Market Maker
21,000 0.040 0.045 8,000
176,000 0.035 0.050 104,000
210,000 0.030 0.055 3,000
72,000 0.025 0.060 60,000
100,000 0.020 0.065 50,000
264,000 0.015 0.070 117,000
200,000 0.010 0.075 50,000
300,000 0.005 0.080 50,000
-- -- -- 0.090 160,000
-- -- -- 0.130 100,000
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Old 06-02-2014, 02:44 PM   Nav to Top  #57
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Some action today, an update should be out sometime this weekend. Level 2:

Level 2
Orders/Shares Price Price Shares/Orders
3 / 126000 0.045 0.05 59000 / 2
3 / 4000 0.04 0.055 11000 / 2
8 / 149000 0.035 0.06 60000 / 1
3 / 243000 0.03 0.065 50000 / 1
2 / 60000 0.025 0.07 50000 / 1
1 / 100000 0.02 0.075 50000 / 1
3 / 264000 0.015 0.08 50000 / 1
1 / 200000 0.01 0.09 160000 / 3
1 / 300000 0.005 0.13 100000 / 1
-- / -- -- 0.14 40000 / 1
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Old 06-02-2014, 02:44 PM   Nav to Top  #58
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Some action today, an update should be out sometime this weekend. Level 2:

Level 2
Orders/Shares Price Price Shares/Orders
3 / 126000 0.045 0.05 59000 / 2
3 / 4000 0.04 0.055 11000 / 2
8 / 149000 0.035 0.06 60000 / 1
3 / 243000 0.03 0.065 50000 / 1
2 / 60000 0.025 0.07 50000 / 1
1 / 100000 0.02 0.075 50000 / 1
3 / 264000 0.015 0.08 50000 / 1
1 / 200000 0.01 0.09 160000 / 3
1 / 300000 0.005 0.13 100000 / 1
-- / -- -- 0.14 40000 / 1
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Old 06-06-2014, 09:38 AM   Nav to Top  #59
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Year - Net Oil Reserves(P+P) - NPV(Net Present Value)

Every year the 51-101 pricing is based at $50 per barrel in the report.


2006 - 26,000 Barrels - $1,300,000
** Price goes over $0.30c as KFG starts working on first 3 Fayette wells

2007 - 15,800 Barrels - $790,000

2008 - 12,500 Barrels - $625,000

2009 - 220,300 Barrels - $11,015,000
**KFG spiked to $0.18c. Additional Fayette wells and seismic help

2010 - 86,900 Barrels - $4,345,000
**KFG reserves drop. Likely due to payouts or wells temp shut in

2011 - 176,700 Barrels - $8,835,000
** Price jumps back over 10c

2012 - 122,500 barrels - $6,125,000
**Reserves drop due to Fayette interest decreasing from 100% to 74.9%

2013 Estimate - 300,000 barrels - $15,000,000
I am basing this estimate on the following
1) Fayette wells are constantly producing the same with no decline
2) KFG went from 10 wells to 20 wells and the new wells are all from different county's besides Fayette
3) The constant wells that are higher production such as Craig and Macneil that IP'd at around 100bopd and are still producing near that months later will add significant amounts. So all the newer wells are also low decline.

Overall if you add in the reserves, cash flow positive, cash and assets on hand, management fees and no need for dilution, stock should be trading over 20 cents by end of year. Company always has $1 million + cash available and does not have any longterm debt whatsoever(just payables).

Plus KFG's risk is minimized as farm in partners are the one's taking the major risk. KFG gets a small production cut and charges the management fees, then we get reserves added ontop of that. It's a slower way to grow but we are on a good path right now. I see 30 wells completed by August next year and easily 500,000 barrels of oil NET to KFG.
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Old 06-09-2014, 09:37 AM   Nav to Top  #60
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Level 2
Orders/Shares Price Price Shares/Orders
1 / 20000 0.05 0.055 64000 / 4
1 / 3000 0.045 0.06 6000 / 2
6 / 108000 0.04 0.065 53000 / 2
7 / 295000 0.035 0.07 186000 / 2
3 / 243000 0.03 0.075 50000 / 1
1 / 20000 0.025 0.08 50000 / 1
1 / 100000 0.02 0.09 160000 / 3
3 / 264000 0.015 0.14 40000 / 1
1 / 200000 0.01 -- -- / --
1 / 300000 0.005 -- -- / --
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