Xun Energy Begins Completion of Rice #15 at Pennsylvania Oil Project
May 23 2014 - 9:17AM
Marketwired
Xun Energy Begins Completion of Rice #15 at Pennsylvania Oil
Project
PORTLAND, OR--(Marketwired - May 23, 2014) - Xun Energy, Inc.,
(OTCBB: XNRG) (the "Company"), a development stage oil operating
company with primary assets in Pennsylvania, is pleased to announce
that the Company has commenced the completion of #15 on the Rice
Lease, Venango County, PA.
As of May 22, 2014, the Company's operator, Vencedor Energy
Partners (VEP), reported that the electricity service to the Rice
lease has been installed with transformer set. Wet weather has
caused a delay in having the service rig set due to water saturated
site access roads and field. The service rig should be spotted over
the weekend with correlating and notching scheduled for May 27,
2014, weather permitting. Fracking of the oil well is scheduled for
later in the week after the Rice #15 is notched.
In addition to the completion of Rice #15, the drilling rig for
the second Rice oil well has been mobilized on the site.
About Xun Energy, Inc. Xun Energy, Inc. is an oil operating
company in development stage. Its primary assets are located in
Venango County, Pennsylvania, USA. Our 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: Peter Matousek VP Investor Relations 775-200-0505