Xun Energy Completes Wire Line Log on Rice #15
(firmenpresse) - PORTLAND, OR -- (Marketwired) -- 09/18/13 -- 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: .
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.
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 .
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.
Richard Inza
Investor Relations
954-687-0011
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Datum: 18.09.2013 - 10:55 Uhr
Sprache: Deutsch
News-ID 297735
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PORTLAND, OR
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Alternative Energy
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