Tip Details

23/08/2010 at 10:38PM
kfg resources
KFG Resources Ltd.
KFG.TSV
Initial > Target price

$0.04 > $0.15
Price when coverage ended

$0.075  87.5%
Best up to date ROI

$0.1  150%
6 votes
Coverage ended

Initial price $0.04 Start coverage 23/08/2010
Target price $0.15 End coverage 13/12/2010
Highest price $0.1 Experience 75.85 pts
Description Small oil company that is already producing 100 bod. Will be drilling in same area in the fall. It's making money and they can use the cash to drill more wells. Way underpirced at 5 cts.

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Last months Activity

7 comments
2010 August 24 at 13:45PM

Stock looks pretty dead... You expect it to wake up soon??
woudlnt take much to move it..
Stock looks pretty dead... You expect it to wake up soon??
woudlnt take much to move it..

2010 August 24 at 16:00PM
From observer | Rank: 0 | Avg ROI + 68.3 %

Believe me it's going to move one of these days. Believe me it's going to move one of these days.

2010 August 24 at 19:22PM
From StockShark | Rank: 3 | Avg ROI + 43 %

Interesting. Do you know how much cash they have?
Interesting. Do you know how much cash they have?

2010 August 29 at 22:44PM
From observer | Rank: 0 | Avg ROI + 68.3 %

Got this from the CEO:
KFG has about $50,000 in cash with a cash flow of about $100,000 per month. The Spring Hill #5 well has just paid out so we have no debt. The Spring Hill #6 well, ashallo ...view all
Got this from the CEO:
KFG has about $50,000 in cash with a cash flow of about $100,000 per month. The Spring Hill #5 well has just paid out so we have no debt. The Spring Hill #6 well, ashallow 4000' test, Will be spuded next week. The cost to drill the hole and test it is about$125,000 US which we will have on hand when the well is finished. If we make a well the completion cost to get the well producing is about$175,000US which we will pay for out of cash flow over a 90 day period. My oil reserves have a discounted present value of $7,000,000 and they are presently unencumbered. If necessary we should be able to establish a line of credit of at least one to two million dollars

to facilitate development. Another shallow well should increase cash flow an additional $50,000 to $75,000 per month. Also if the #6 well is sucessful it sets up at least four more shallow locations to drill. We will be getting the PR effort underway in mid September

2010 November 5 at 20:22PM
From StockShark | Rank: 3 | Avg ROI + 43 %

looking good!
volume picking up and price increasing!
looking good!
volume picking up and price increasing!

2010 November 22 at 10:54AM
From observer | Rank: 0 | Avg ROI + 68.3 %

I sold all my shares at .085 because it didn't do what I expected. I wanted to keep half (they would have been paid for) but there was a system glich at my brokers and they sold them all. This is not ...view all I sold all my shares at .085 because it didn't do what I expected. I wanted to keep half (they would have been paid for) but there was a system glich at my brokers and they sold them all. This is not a directon call for the stock.
I was also waiting for a confirmation from the President as to the IR firm. From what he answered, the company finally decided not to hire one. So it might take longer to move much higher. Might buy back if it goes down to .05. That may not happen depending on their success in drilling. So far so good though.

2010 November 22 at 10:54AM
From observer | Rank: 0 | Avg ROI + 68.3 %

I sold all my shares at .085 because it didn't do what I expected. I wanted to keep half (they would have been paid for) but there was a system glich at my brokers and they sold them all. This is not ...view all I sold all my shares at .085 because it didn't do what I expected. I wanted to keep half (they would have been paid for) but there was a system glich at my brokers and they sold them all. This is not a directon call for the stock.
I was also waiting for a confirmation from the President as to the IR firm. From what he answered, the company finally decided not to hire one. So it might take longer to move much higher. Might buy back if it goes down to .05. That may not happen depending on their success in drilling. So far so good though.

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About kfg resources

observer initiated a coverage kfg resources on on 23/08/2010 at 10:38PM. KFG Resources Ltd. is listed in the sector. The stock was priced $0.04 when observer posted the tip. After analyzing the company activities and performance, observer believes KFG Resources Ltd. has the potential to reach $0.15. As of 23/08/2010, the highest price KFG Resources Ltd. has traded at is $0.1.



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