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KFG Resources Ltd (V:KFG)

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
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 fiscal year ended 30 April 2020, KFG Resources Ltd. revenues decreased 24% to $1.1M. Net loss increased from $148K to $464K. Revenues reflect Oil and gas decrease of 28% to $780K, Management fees decrease of 8% to $311K. Higher net loss reflects Depletion and amortization increase of 54% to $146K (expense), Exploration/Dry Hole Exp(Incl Write Off) increase of 18% to $141K (expense), Insurance increase of 5% to $78K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $0.98M as of Apr 30, 2020
Annual revenue (TTM): $1.43M as of Apr 30, 2020
EBITDA (TTM): -$0.42M as of Apr 30, 2020
Net annual income (TTM): -$0.61M as of Apr 30, 2020
Free cash flow (TTM): -$0.22M as of Apr 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 50,539,644 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization