Xun Energy Completes Fracking of Rice #15 at Pennsylvania Oil Project
June 02 2014 - 7:00AM
Marketwired
Xun Energy Completes Fracking of Rice #15 at Pennsylvania Oil
Project
PORTLAND, OR--(Marketwired - Jun 2, 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 completed the fracking of the Rice #15 oil
well on the Rise Lease, Venango County, PA on May 30, 2014.
As of May 31, 2014, the Company's operator, Vencedor Energy
Partners (VEP), reported that the Rice #15 was successfully fracked
on all 9 Stages. In addition to the fracking, the oil separator was
installed, the tank battery, underground piping and electrical
connections completed.
The Company is allowing the fracking sand to settle in and will
commence oil production after 3 to 5 days of settling.
Video updates of the construction may be viewed on our website
at http://www.xunenergy.com.
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