Xun Energy Completes Wire Line Log on Rice #15
September 18 2013 - 6:55AM
Marketwired
Xun Energy Completes Wire Line Log on Rice #15
PORTLAND, OR--(Marketwired - Sep 18, 2013) - Xun Energy, Inc.
(OTCBB: XNRG) (XNRG) announced that the Company's operator,
Vencedor Energy Partners (VEP), completed the nuclear wire line log
on Rice #15 on the Rise Lease, in Venango County, PA, on September
16, 2013. Verbal reports from the logging crew and staff on site
were very positive including the excitement from the crew when the
logging tool pulled out of the well bore covered with crude
oil.
The logs will be analyzed by VEP's staff and geologist and the
opinion will be shared with XNRG upon completion of the analysis. A
correlation of the logs will be executed to determine the best
means of stimulating the well by hydrofrac for eventual production
of crude oil.
"We are extremely excited to learn that crude oil covered the
downhole tool when it was pulled out of Rice #15 on Monday. This is
a very strong indication of crude oil seeping into the wellbore and
is a key indicator which should move us to the next step of
generating revenues," stated Jerry G. Mikolajczyk, President and
CEO of XNRG. "You can go from zero to revenue, especially in oil
and gas, overnight!"
The Company has posted a video stream of the wire line logging
operation which may be viewed at our website:
www.xunenergy.com.
The Company will not commence drilling on the remaining 4 oil
well locations on the Rice lease until after it completes its
assessment of the first well.
About XNRG
Xun Energy, Inc. is an oil operating company in development
stage. Its primary assets are located in Venango County,
Pennsylvania, USA. XNRG projects are subject to completing its
financing and the success of the drilling and completions program.
Additional information may be found at
http://www.xunenergy.com.
This Press Release contains forward-looking information within
the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934 and is subject
to the Safe Harbor created by those sections, and contains
statements about expected future events and/or financial results
that are forward-looking in nature and subject to risks and
uncertainties. For those statements, we claim the protection of the
safe harbor for forward-looking statements provisions contained in
the Private Securities Litigation Reform Act of 1995 and any
amendments thereto. Such forward-looking statements involve risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially
different from the future results, performance or achievements
expressed or implied by such forward-looking statements. In
particular, there is no assurance that production or other factors
pertaining to the oil operations will be sustained at the expected
rates or levels over time. We caution you not to place undue
reliance on our forward-looking statements, which speak only as of
the date of this news release, and we undertake no obligation to
update this information.
Contact: Richard Inza Investor Relations 954-687-0011 Follow us
on Twitter: https://twitter.com/XunEnergy Visit us on YouTube:
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