Xun Energy Releases Videos of Rice Lease Drilling Activity
(firmenpresse) - PORTLAND, OR -- (Marketwired) -- 08/28/13 -- Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced the Company has posted on its website two documentary videos recording stages of work on the Rice Lease in Venango County, Pennsylvania.
The first documentary video, June 24, 2013 - August 6, 2013, documents the work completed on the Rice Lease for the 5 oil well pads, the tank battery, the surface roads and repairs to the surface roads from the water accumulation due to heavy rains during June and July with a final report documenting site pad and road completions.
The second documentary video, August 21, 2013 to August 26, 2013, documents the daily site activity starting with the arrival of drilling supplies, to the drilling and cementing process ending with the completion of drilling and sampling on August 26, 2013.
Both videos may be viewed by visiting our website: .
"This is a major milestone for the Company in that it puts us on the verge of oil revenues," stated Jerry G. Mikolajczyk, President and CEO.
Our operator, Vencedor Energy Partners (VEP), completed the drilling, casing and cementing of our first oil well of a 30 well drilling program. Rice oil well number 15 was drilled to the Target Depth of 1,050' on the Rice lease on August 26, 2013. Samples were taken during the drilling program for analysis. Petroleum odors were emitted at the 720', 745', and 915' levels of the wellbore, indicating oil presence at these depths.
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: 28.08.2013 - 04:55 Uhr
Sprache: Deutsch
News-ID 1258511
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