KFG Resources - Öl in USA - Mini marketcap. und ... profitabel !! - 500 Beiträge pro Seite

[praesens]

Hallo !

Ich bin die Tage über
KFG Resources Ltd.
gestolpert.

Schon wieder ein Öl-Wert, irgendwas läuft falsch bei mir ...

KFG ist gelistet an der
TSX-V, Symbol: KFG, ISIN: CA48245P1080,
OTC,
und hat eine deutsche WKN: A0MVM7


Aktivitäten sind kleinere Ölfelder in den USA


Den Thread zum Wert gibt es deshalb:

marketcap.: aktuell ca. 2,3 mio

Three Month Period Ended October 31, 2012:
Net income (loss) and comprehensive income (loss) for the period
(96723)

Six Month Period Ended October 31, 2012
Net income (loss) and comprehensive income (loss) for the period
93880 - korrekt, OHNE Klammer !!

Six Month Period Ended October 31, 2012
Cash 1,006,261 $

Quelle:
Halbjahresbericht zum 31.10.2012
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=…

[praesens]

Ein paar Eckdaten:

shares out: fully filuted 50,6 mio

aktueller Kurs (21.03.12): 0,045 Can $

marketcap.: aktuell 2,3 mio $

Der Umsatz ist sehr gering.

[praesens]

118 LOWER WOODVILLE RD., SUITE 2, NATCHEZ, MISSISSIPPI
TEL [phone]
TEL [phone]
FAX [phone]
Invester Relations Office, Denver 303-825-7080
E-mail: [e-mail]

homepage: http://www.kfgresources.com

[praesens]

Company Profile

Head Office:
118 Lower Woodville Road
Natchez, MS, USA, 39120

Contact Name:
James F. Gilbert,Secretary
Telephone Number: 214 526-2030

Reporting Jurisdictions:
British Columbia, Canada

Fax Number: 214 526-7105

Stock Exchange: TSX Venture Exchange

Date of Formation: April 7, 1994

Auditor: Davidson & Company, Vancouver, Canada

Governing Jurisdiction: British Columbia, Canada

Industry Classification: Junior Natural Resource - oil and gas

Transfer Agent: Montreal Trust Company of Canada

CUSIP Number: 48245P108

Financial Year-End: April 30

[praesens]

KFG Resources arbeitet in den USA durch ihre 100 %ige Tochter KFG Petroleum Corporation.
Diese besitzt properties in Kansas, Louisiana und Mississippi.

2005 wurden die properties in Kansas verkauft, besitzt aber weiterhin eine 11,5 %ige working interest in einen "960-acre block."

Die aktuelle Hauptproperty ist der Fayette Salt Dome in Mississippi.

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Alle obigen Infos übrigens soweit von der homepage.

Ebenfalls dort zu finden das "fact sheet":
http://www.kfgresources.com/2011_KFG_Factsheet_18May11.pdf

Allerdings - aus Mitte 2011, also knappe 2 Jahre alt ...

[praesens]

Gestern kam folgende news raus:

http://www.newswire.ca/en/story/1132815/kfg-resources-ltd-pr…

"KFG Resources Ltd. Provides Operations Update

NATCHEZ, Miss., March 20, 2013 /CNW/ -

OPERATIONS UPDATE

Mississippi

Mr. Robert A. Kadane, President of KFG Resources Ltd., reported today that the Company's subsidiary, KFG Petroleum Corporation, of Natchez, Mississippi, has reopened production in the Stewart "B" Sand in the Carthage Point Field, Adams County, Mississippi. The KFG MacNeil #2 well encountered 12 feet of Stewart "B" Sand at 4390 feet. Casing was set and the well was completed flowing 70 BOPD, 10% water, flowing tubing pressure 430#. KFG has an 8% working interest reverting to a 20% working interest after payout. A north offset will be drilled within the next 90 days.

At Fayette, the #26-2 well has been completed for 6 BOPD. Fayette has reached payout; consequently, KFG's working interest reverted from 100% to 74.9%. Additional shallow wells will be drilled later in 2013.

Louisiana

At the Clayton Field, Concordia Parish, Louisiana, the #1 Miller has started production in the E-2 Sand at a rate of 25 BOPD. KFG has a 5% working interest before payout and an 18% working interest after payout.

In addition, the Company is assembling acreage in Louisiana and Mississippi for an active drilling program in the summer and fall of 2013, as well as continued development at Fayette.

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:

Mr. Robert A. Kadane, President [phone]"

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Aus einer news vom 13.12.2012:

http://www.newswire.ca/en/story/1088691/status-of-3d-seismic…

"From its initial review of the new data, the Company is anticipating an active drilling program at Fayette during the 2013 calendar year. Production at Fayette continues to average between 120 – 130 barrels of oil per day."

[praesens]

KFG wird bezahlt für/nach Brent Oil.
Aktuell um die 108 $ / barrel.

Nehmen wir mal die ca. 125 bopd aus obiger news für Fayette
mal 365 Tage
= 45.625 barrel / Jahr
a 100 $ / barrel
= gute 4.500.000 $ Umsatz
bzw. nur 75 % davon
= gute 3.400.000 $ Umsatz für 2013

Alles natürlich nur eine Hochrechnung.


Laut letztem Halbjahresbericht gab es, für alle properties zusammen, also Fayette plus die vorhandenen "working interests", im Zeitraum Mai 2012 - Oktober 2012 ca. 1.400.000 Umsatz aus Ölverkauf, hochgerechnet damit ca. 2.800.000 $ / Jahr.


Gruß, praesens

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Aus news vom 06.06.2012:

http://www.newswire.ca/en/story/987713/kfg-resources-announc…

"Concordia Parish, Louisiana

"The Roundtree #1 well finally received all permits for salt water disposal and was put on production----- currently producing about 25 BOPD. The recently drilled Roundtree 1A is currently being completed. A salt water disposal well will also be required for this well. The permitting process will start as soon as it is determined there is a sufficient oil cut for commercial production. KFG owns a 12.5% working interest in the Roundtree wells which will increase to 29.375% working interest at payout."

[praesens]

Ich bin jetzt mal die news bis Mitte 2011 zurückgegangen.

Daraus ergibt sich für mich folgendes Bild:

Fayette, Mississippi: Produktion ca. 125 bopd.


Carthagena, Mississippi:

Welle MacNeil#2, Produktion 70 bopd,
davon working interest 8 % vor und 20 % ab pay-off.
8 % entsprächen dem Umsatz aus 5,6 bopd,
20 % dem aus 14 bopd.


Concordia, Louisiana:

Welle Roundtree#1, Produktion 25 bopd,
davon working interest 12,5 % vor und 30 % nach pay-off.
12,5 % entsprächen dem Umsatz aus 3,1 bopdm
30 % dem aus7,5 bopd

Welle Miller#1, Produktion 25 bopd,
davon working interest 5 % vor und 18 % nach pay-off.
5 % entsprächen dem Umsatz 1,25 bopd,
18 % dem aus 4,5 bopd.


Aktuell gibt es weitere Probebohrungen, so z.B. Welle Roundtree#1a auf/in Concordia und auf Fayette z.B. Welle Spring Hill #7 und Welle Smith #30.

[praesens]

Insg. ergibt sich gür mich folgendes Bild:

Lafayette Produktion ca. 125 bopd (Stand 13.12.2012, s.o.)
mit aber nur 75 % also 94 bopd
plus
Lafayette Welle #26-2 aus gestriger news (s.o.)
mit 6 bopd, bei 75 % also 4,5 bopd
plus
Carthagena MacNeil#2 70 bopd mit aber nur 8 % = 5,6 bopd
plus
Concordia Roundtree#1 25 bopd mit aber nur 12,5 % = 3,1 bopd
plus
Concordia Miller#1 25 bopd mit aber nur 5 % = 1,25 bopd

ergibt in der Summe knappe 110 bopd aktuelle Produktion bzw. Anteil daran - wenn ich nichts übersehen oder falsch interpretiert habe.


Gruß, praesens

140 bopd

[praesens]

Die 110 bopd sind pro Quartal für ca. 1.000.000 $ Umsatz gut.

Laut Halbjahresbericht sind im Quartal August / September / Oktober 2012 ca. 865.000 $ Kosten entstanden.
Inwiefern diese Kosten aktuell höher liegen kann ich schwer einschätzen - etwas durch zusätzliche Betriebskosten zusätzlicher Wellen, oder weitere Probebohrungen, etc.

Schlußendlich dürfte sich KFG aktuell unverändert ca. auf break-even-Niveau bewegen.

Nicht SO schlecht bei 2,3 mio $ marketcap., oder ?

Für einen ordentlichen x-bagger braucht es also "nur" noch einige bopd mehr ...


Gruß, praesens

[praesens]

Ups - vergessen - nicht unwesentlich:

Proven and probable reserves: 200.000 barrel.

Aus dem company fact sheet auf der homepage - Stand Mitte 2011 ...

Gruß, praesens

[praesens]

Damit werden proven and probable reserves mit ca. 12 $ / barrel bewertet.

Bei Mart Resources bsplw. liegt der Wert bei knapp 40 $.

Was allerdings kein echter Vergleich sein kann - bei Marts 17.800.000 reserves und einer marketcap. von knapp 700.000.000 $.

Gruß, praesens

[praesens]

Uuups - ich habe die Q1 results und die MD&A von Ende März für das am 31. Januar zu Ende gegangene Quartal ganz verpaßt:

sedar.com

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http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aKFG-20785…

"KFG Resources to start drilling MacNeil No. 3 in June

2013-06-06 09:55 ET - News Release

Mr. Robert Kadane reports

KFG RESOURCES LTD. EXPLORATION & PRODUCTION UPDATE

KFG Resources Ltd.'s subsidiary, KFG Petroleum Corp., of Natchez, Miss., has staked a location in the Carthage Point field. The MacNeil No. 3, a 660-foot north offset to the MacNeil No. 2, is in the company's new field in the Stewart B sand. The well will be drilled in late June to 6,300 feet as soon as Mississippi River water recedes. The company has an 8-per-cent working interest in the well reverting to a 20-per-cent working interest at payout.
In the LaGrange field, the company has completed an acreage block in preparation for a 6,600-foot test this summer to evaluate three Wilcox sands that produce offsetting the lease. Details will be announced before the spud date.
Also in LaGrange, KFG is operating and participating for a 10-per-cent working interest in a directional hole to 6,400 feet offsetting a new discovery in the Wilson sand flowing 80 barrels of oil per day, water free.

Franklin county, Mississippi

Several areas are being leased at present. It is anticipated that all of the prospects will be completed and drilled by late fall 2013.

Jefferson county, Mississippi

At Fayette, the company plans to drill a 4,200-foot Stewart B test during the summer of 2013. The company's working interest is 74.9 per cent. If successful, there will be several offsets. Also, the reprocessed 3-D survey has highlighted another Lower Tuscaloosa anomaly at 10,000 feet, and the company is considering taking on a partner to test the new interpretation.

Amite county, Mississippi

The company is going to operate and participate in a test well to 11,300 feet for a 5-per-cent working interest. The prospect offsets a carbon dioxide flood operated by Denbury Onshore LLC. The closest well in the flood is producing over 100 barrels of oil per day and is 1,900 feet away. Details will be available prior to spud date.

Warren county, Mississippi

The company anticipates operating and re-entering a prior well to 11,400 feet to test an excellent oil show in the Rhodessa sand in the fall of 2013. Again, details will be available prior to spud date."

[praesens]

http://www.stockhouse.com/news/press-releases/2013/10/16/mac…


MacNeil #3 Well Flowing 80 BOPD

V.KFG | 1 day ago

NATCHEZ, Miss., Oct. 16, 2013 /CNW/ -

Adams County, Mississippi:

Carthage Point Field

Robert A. Kadane, President of KFG Resources Ltd., reported today that the MacNeil #3 well was perforated in the Stewart "B" Sand of the Wilcox formation at 4,392' and is flowing 80 BOPD. The MacNeil #3 well extends the reservoir 660' north of the MacNeil #2 well. KFG has an 8% working interest in the lease, reverting to a 20% working interest at payout. The total production from the lease is 113 BOPD. The prospect contains 200 acres.

LaGrange Field

The Company's Parker #2 well has been completed for 25 BOPD. The Company has a 10% working interest in the well and surrounding 160 acres. The delay between completion and the start of production (2 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 #1. It will be a 6,000' Wilcox test. The Company has a 10% working interest in the well reverting to a 22% interest at payout.

Warren County, Mississippi:

Wildcat

KFG drilled its #1 Hannah well to 11,350' and cored oil sand in the 2ndRodessa Sand with an oil show in the 3rdRodessa Sand. Production casing has been set to 11,350'. KFG has a 5% working interest in the well, reverting to an 18% working interest at payout.

[praesens]