Kfgrf - Kfg Resources Ltd.

Discussion in 'Penny Stocks' started by Jon Alba, Aug 30, 2018.

  1. Jon Alba

    Jon Alba Senior Investor

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    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.

    The company trades on the TSX Venture Exchange under the stock symbol KFG, and is listed on the US OTC under the stock symbol KFGRF.

    September 2018 Company Presentation: http://kfgresources.com/wp-content/...-Ltd.-September-2018-Company-Presentation.pdf
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Hi @Jon Alba

    How did you get on with this investment? How has the stock performed since you recommended it?

    It would also be interesting to learn about your track record as there is no doubt there are some nuggets of gold in the penny share sector. However, spotting them and investing in is not as easy as some may assume!
     
  3. Jon Alba

    Jon Alba Senior Investor

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    I think there is opportunity in oil juniors now since many of them were wiped out between 2014-2017 when prices collapsed. It's a slow turn around, but waiting to potentially get high percent gains is always key. But most important is the balance sheet and growth, no spec stuff where if one thing goes bad, the company is bust. Revenue must be established and costs controlled.
     
  4. Jon Alba

    Jon Alba Senior Investor

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    News: KFG Operations Update (Barnum Drill, Craig Payout, Share Buyback, Texas Project)

    https://www.newswire.ca/news-releases/kfg-operations-update-692948991.html

    NATCHEZ, Miss., Sept. 11, 2018 /CNW/ -- As previously reported, the Company's Barnum lease, Adams County, MS, paid out in July 2018 and KFG's working interest increased from 9% to 22.5%. The Barnum #5 location has been staked and permitted. Currently, the Company is waiting on a drilling rig which is expected to move into the location as soon as weather permits.

    Additionally, the Company's Craig #3 should payout by the end of September, substantially increasing KFG's working interest.

    Also, KFG has entered into a farmout agreement with Tracer Operating Company, Graham, Texas to recomplete 3 shallow gas & oil wells with an option to recomplete 3 additional wells. These are shallow recompletions (3600'-4500') in Palo Pinto and Stephens County, Texas. Capital is now being raised for this venture.

    In addition, the Company is considering a share buy back proposal. Specifics will be presented to the board at the Board Meeting on September 28, and voted on at that time.

    The Company's common shares are listed on the TSX, Venture Exchange, Vancouver, B.C. Trading symbol "KFG".

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

    SOURCE KFG Resources Ltd.

    For further information: Robert A. Kadane, President, (940) 723-7052, http://www.kfgresources.com
     

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