After more than two years of painstakingly raising funds for a crucial seismic survey, KFG Resources’ (TSX.V:KFG) story is about to heat up. With a $2.5 million financing in place, and permitting currently underway, KFG has contracted to begin a 3-D seismic survey on its Fayette Oil Field in the Mississippi Interior Salt Basin in February 2008.
Financing will cover the seismic survey on the Fayette Oil Field, located in Jefferson County Mississippi, as well as the planned next stage—a 10,000-foot test well to be… Read the rest
Continue Reading Kfg Resources Prepares Seismic in the Hunt for 4 Million Barrels of Oil and Gas Equivalents
Tags: business, finance, Mexico

