</pre> <p>NATCHEZ, Miss., <span class="xn-chron">Nov. 17, 2010</span> /CNW/ -- KFG Resources <span class="xn-person">President Robert A. Kadane</span> reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation continues to produce net to the Company, before royalty and severance taxes, 140 to 150 BOPD from the Fayette, Jefferson County, Mississippi. <span class="xn-chron">October 2010</span> was the best month in the Company's history grossing in excess of <span class="xn-money">$240,000</span> US. The <span class="xn-person">Spring Hill</span> #6 well has gradually improved from an initial rate of 28 BOPD in early October to a current rate of 40 BOPD. The location has been staked for the <span class="xn-person">Spring Hill</span> #7 well....a south offset to the #6 well. It is expected that the #7 well will be another shallow test to approximately 4100' and will be drilled at yearend 2010 or early in 2011.</p> <p/> <p>KFG owns a 100% working interest(79.16% net) in the all of the <span class="xn-person">Spring Hill</span> wells and surrounding acreage reverting to a 74.6% working interest(59.1% net) after payout of all seismic, drilling, land, exploration, development, taxes, and operating costs.....currently <span class="xn-money">$1,768,000</span> US.</p> <p/> <p>The Company's common shares are listed on the TSX Venture Exchange, <span class="xn-location">Vancouver</span>, B. C. trading symbol "KFG." For additional information please contact <span class="xn-person">Mr. Kadane</span> at (303) 825-7080.</p> <p/> <p>The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.</p> <pre>
For further information: Robert A. Kadane, President of KFG Resources Ltd., +1-303-825-7080
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