Well, looking at the quarterly report for period ended August 31, 2012 XNRG just acquired the Venango county well program, had 2 consulting agreements to raise capital, litigation with shareholder for not providing funds for the Kentucky leases, no revenues, funds coming from stock issuance and quarterly expenses of $355,768.
As of August 31, 2014 quarterly, XNRG had one well operating, revenues from sale of oil, general expenses for the quarter cut to $156,959; new division with 2 commodity deals in the works, SMB loan in the works to acquire Falls project, SMB loan in progress for funding of Venango county project, debt settlement in progress that could take debt off the balance sheet, reserve equity finance agreement, and an investor relations and marketing agreement.
IMO, based on what was written per the quarterly reports comparing the 2012 and 2014, there are a lot more projects in the works, they are collaborating with other companies on commodity deals, have a new division in commodities, loan in progress to acquire the falls project (an oil field), debt settlement to reduce balance sheet debt, cash flow from revenues, and reduced expenses by almost half per quarter.
IMO, the shareholder value comes from the drilled and operating well, there is a SBA loan for the falls project that is on hold waiting for oil prices to stabilize, and the increase in liquidity and balance sheet ratios due to the debt settlement taking debts off the balance sheet. Additionally, there is an investor relations and marketing agreement and reserve equity finance agreement.
Again, all IMO based on quarterly reports.
If I missed anything from these reports, please post.
