KFG Resources Ltd (V:KFG*CA)

Business Focus: Natural Gas Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 150A Providence Rd
NATCHEZ MS 39120-8121
Tel: N/A
Website: www.kfgresources.com
IR: See website
Key People
Robert A. Kadane
President, Chief Executive Officer, Director
James F. Gilbert
Chief Financial Officer, Vice President, Corporate Secretary
G. Stephen Guido
Chief Operating Officer, Vice President - Operations
Business Overview
KFG Resources Ltd. is an independent energy company. The Company is engaged in production of crude oil and natural gas in the United States. The Company is 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 has drilled and completed two wells. The Company is also focused on participating in the drilling of shallow wells in north central Texas. The Company has approximately 14% working interest in this venture. The Company also has a development to drill on the Barnum lease.
Financial Overview
For the nine months ended 31 January 2019, KFG Resources Ltd. revenues increased 8% to $1.1M. Net income totaled $7K vs. loss of $43K. Revenues reflect Oil and gas increase of 11% to $840K. Net Income reflects Depletion and amortization decrease of 33% to $98K (expense), Interest expense decrease of 58% to $1K (expense), Insurance decrease of 2% to $55K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $1.59M as of Jan 31, 2019
Annual revenue (TTM): $1.93M as of Jan 31, 2019
EBITDA (TTM): $0.15M as of Jan 31, 2019
Net annual income (TTM): -$0.03M as of Jan 31, 2019
Free cash flow (TTM): $0.21M as of Jan 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 50,539,644 as of May 9, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization