InvestorsHub Logo
Followers 19
Posts 932
Boards Moderated 0
Alias Born 11/23/2014

Re: Huggy Bear post# 38297

Monday, 03/30/2015 11:13:35 AM

Monday, March 30, 2015 11:13:35 AM

Post# of 44483
JV002 was not "completed" I think you are referring to the mazut deal, JV008/02. According to the forum, JV008/02 is still open per the forum post here:

Thank you fischerman1940 for your post and questions in Post #3 above.

We have replicated your post below:

Dear Xun Management,

One question pertaining to this joint venture. Is this joint venture still active in that Xun Oil Marketing is still working with the supplier to find another buyer? If so, have there been any updates on this joint venture?

Thank you for your time and efforts.

Question #1: One question pertaining to this joint venture. Is this joint venture still active in that Xun Oil Marketing is still working with the supplier to find another buyer? If so, have there been any updates on this joint venture?

Response to Question #1: The Joint Venture is open. There are no updates regarding the use of this supplier. The price of Mazut correlates to the price of Brent Crude oil and is not stable at this time. We plan to revisit with the supplier once Brent crude oil prices stabilize or if we have a motivated Buyer.

DISCLAIMER: SUBJECT TO SAFE HARBOR CLAUSE.

We thank you for your interest, support and faith in the Company.

Respectfully,

Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO

Safe Harbor

The statements contained in this post may not be historical fact, are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” "projects" or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company wishes to caution the reader that its forward-looking statements that are historical facts are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. While sometimes presented with numerical specificity, these projections and other forward-looking statements are based upon a variety of assumptions relating to the business of the Company, which, although considered reasonable by the Company, may not be realized. Because of the number and range of assumptions underlying the Company’s forward-looking statements, many of which are subject to significant uncertainties and contingencies that are beyond the reasonable control of the Company, some of the assumptions inevitably will not materialize, and unanticipated events and circumstances may occur subsequent to the date of this report. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. Therefore, the actual experience of the Company and the results achieved during the period covered by any particular forward-looking statements may differ substantially from those projected. Consequently, the inclusion of forward-looking statements should not be regarded as a representation by the Company or any other person that these estimates and projections will be realized. The Company’s actual results may vary materially. There can be no assurance that any of these expectations will be realized or that any of the forward-looking statements contained herein will prove to be accurate. There is no guarantee that the Company will close on the financing or close on the acquisition of the producing oil and gas leases.



Quote is from the company forum in the Xun Oil Marketing Division, JV008/02, folder JV008/02 Mazut Order

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.