Xfuels Inc (XFLS)

[GringoLocoNY]

expected more volume on news

[Jose Chavez]

great news/update today

[GringoLocoNY]

0.0073 ask

[Johnstown]

XFLS .0069 wow, look at all these buys and sells, lol, these guys rock who made all of these posts last night, this vol is out of control, now wait for mgmt to help out with vol, when they start dumping shares since the paid guys here can't generate any vol, they are funny

[247MarketAddict]

No action on news? Smh

[GringoLocoNY]

Several investors have inquired about our technologies and their state of development, Mr. Michael McLaren states “We are continuing to develop our technologies for market through our own internal resources and although our focus has been to push the oil and gas production higher, we have in no way put these technologies on the back burner.” Mr. McLaren further stated, “The hydrogen technology and GTL systems are our future, and we continue to develop them as part of our business plan.” “We have always had the strategy of developing a strong cashflow through traditional energy production and grow the technology internally without having to stress the company or its shareholders with large scale debt or dilution.” Mr. McLaren stated further “Since Xfuels has decided to market the Canadian properties the deployment of these technologies will now be focused on the newly acquired assets in Texas.”

[GringoLocoNY]

The company continues to review potential acquisitions, however our focus now is the newly acquired properties in Texas and a plan is in place to workover and renew inactive wells and implement a drilling program after obtaining reserve reports and examining the acquired seismic data.

[GringoLocoNY]

Xfuels continues to collaborate with the auditors and its financial support team to get our filings current and now are up to date with our unaudited financial statements and have returned to Pink current on the OTC markets. The system in place is working well and the acquired companies and assets are now integrated properly into daily operations. Our next step in this process is to complete the audit and file our registration statement to return to a fully reporting issuer. Management expects this process to be finished mid-November.

[GringoLocoNY]

Cycle Oil & Gas Inc. (Texas) has successfully transferred 10 of the 18 leases acquired from Triple S Gas & Ray Loveless Enterprises. The Form P-4s were recorded with the Texas Railroad Commission this month. The company will now focus its attention towards increasing daily production via a series of low-cost workovers on low hanging fruit throughout the field. The current producing leases have averaged approximately 10BPD since August 1st. The company expects to place its remaining financial assurance with the TXRCC and complete the transfer of the remaining 8 leases in November under Cycle Energy Services Inc. (Texas)

[GringoLocoNY]

At the end of Q3 Cycle Oil & Gas Inc. (Texas) was successful in closing two significant transactions Triple S Gas and Ray Loveless Enterprises adding them to Cycle’s group of operational assets. Cycle Oil & Gas Ltd. (Alberta) was also successful with its Canadian assets bringing on new production through workovers. Mr. Michael McLaren states “The company had our service rig in our field for the better part of August and September and was successful in bringing on new production as well as retiring 2 unproductive wells thus reducing our liabilities and maintaining our commitment on asset retirement management.” He further stated, “We have been marketing the asset to a smaller focused group of potential buyers however with the current upswing in production and our asset retirement obligations met for the year the company will now branch out to a larger target audience.”

[helpus]

same here guy87 2 years

[TheGuy87]

https://finance.yahoo.com/news/xfuels-shareholder-third-quarter-2022-130000635.html

Must be a prophet

[Johnstown]

XFLS .0069, nice to see the pump crew here, maybe they can get in the oil fields and actually pump some oil, but doubtful, look for many many many more millions to be diluted now that the company has brought in these fine PUMPERS, lol, and not for oil, only to dump more shares

[GringoLocoNY]

wow

[TheGuy87]

Have been for 2+ years

[GringoLocoNY]

yes nothing is showing dillution

[Jose Chavez]

no dillution at all here, just manipulation imho

[GringoLocoNY]

we need it badly

[247MarketAddict]

Mike will make it happen again you'll see

[247MarketAddict]

Can't wait for another great PR

[Jose Chavez]

To date Triple S gas has produced approximately 40,000 barrels from the properties and given the locations and well control in the area Cycle believes that this is only a fraction of the recoverable oil available.

[Jose Chavez]

The company is currently marketing its Canadian oil and gas properties and when sold will refocus that capital into its US operations.

[Jose Chavez]

Cycle paid $320,000 (Three Hundred and Twenty Thousand) dollars plus a 2.5 % capped ORRI to $250,000 (Two Hundred and Fifty Thousand) dollars.

Mr. Michael McLaren, CEO states, “This acquisition signifies our milestone leap into Texas oil and gas production business.” Mr. McLaren further states, “The acquisition will be our cornerstone property to build on, and the company is already in negotiations with synergistic properties.”

[Jose Chavez]

Xfuels Inc. (OTC: XFLS) announces Cycle Oil & Gas has concluded its acquisition of Triple S gas of Dallas, Texas in an all-cash deal for consisting of 7 leases, 54 wells and 6 oil batteries in Wichita and Wilbarger counties.

[247MarketAddict]

As soon as we bounce back above a penny GAME ON!

[Jose Chavez]

Not a big time holder here but still a holder

[247MarketAddict]

I'm holding since a few months now and haven't got paid at all to be here. Looking for the big bounce and run, I've made enough money in the past here

[247MarketAddict]

Right

[GringoLocoNY]

it's our duty to get the word out

[GringoLocoNY]

that's the OTC world, if you don't spread, how will people find it

[GringoLocoNY]

me too i told all my circle about it

[Jose Chavez]

Easy money here people need to come on board

[Jose Chavez]

Trying to Get the word out on socials too

[GringoLocoNY]

The third and final business unit under Xfuels is Cycle Energy Technologies. This wholly owned subsidiary provides both R&D and existing technology to enable increased production in the field. Xfuels flagship intellectual property is its mobile Gas To Liquid system. This is used to convert natural gas and other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel. Each of Xfuels three vertically integrated businesses just mentioned -Cycle Oil and Gas, Cycle Energy Services, and Cycle Energy Technologies- all operate in tandem to help Xfuels capture unique opportunities that often go untapped by the company's competitors.

[Jose Chavez]

To date Ray Loveless Enterprises has produced approximately 25,000 barrels from the properties during their ownership and given the locations and well control in the area, Cycle believes that this is only a fraction of the recoverable oil available. Cycle Oil & Gas and Cycle Energy Services are licensed oil and gas producers in the state of Texas.

[GringoLocoNY]

The second business unit under Xfuels is Cycle Energy Services. This wholly owned subsidiary supports Xfuels’ overall exploration and production efforts with "well services" and "end of life reclamation." Cycle Energy Services owns and operates a combination of customized wireline-service rigs and HydroVac units. This equipment allows for faster "rig in" and "rig out" times. Overall, Cycle Energy Services equipment and experience combination reduces the amount of time and fuel burned to complete an abandonment.

[GringoLocoNY]

The keystone of the Xfuels enterprise is Cycle Oil and Gas. This wholly owned subsidiary focuses on acquiring and optimizing underdeveloped oil and gas assets. It employs both internally developed and third party-licensed technologies to increase production, optimize performance and reduce cost. Cycle Oil and Gas currently produces approximately 110 barrels of oil per day from Canadian properties. It also holds various oil and gas royalty positions and controls several non-operating oil and gas properties.

[Jose Chavez]

Mr. Michael McLaren, CEO states: “This acquisition makes the most economical sense for the company & its shareholders as commodity & fuel prices continue to increase. We will be able to keep our rig movements to a minimum and cut diesel usage. Our team in Texas is already working to evaluate these properties and eager to get focused on the project and push these leases to their maximum potential.” Mr. McLaren further states, “As stated before our business strategy of "Acquire, Restore, Produce and Consolidate" fits perfectly with these leases & existing contracts where we can apply our world-class know how and stimulation technologies to maximize the potential of the production.”

[GringoLocoNY]

even with 20-30m we will move up big time

[Jose Chavez]

Xfuels Inc. (OTC Pink: XFLS) announces Cycle Oil & Gas has closed its purchase of Ray Loveless Enterprises LLC & R.L. Gathering LLC (RL), of Allen, Texas in an all-cash deal consisting of 10 leases, 106 wells, 10 oil batteries, 3 Acre industrial yard & Shop, & Equipment in Wichita County, TX. Cycle paid $250,000 (Two Hundred and Fifty Thousand) dollars plus a 2.5 % capped ORRI to $325,000 (Three Hundred Twenty-Five Thousand) dollars for a total purchase price of $575,000 (Five Hundred and Seventy-Five Thousand).

Adjacent to the "Ray Loveless" leases are 3 of the "Triple S Gas" leases that Cycle purchased and disclosed on September 29, 2022. The 13 combined leases "RLE & Triple S" fall within a 6 square mile radius that Cycle Oil & Gas will work to develop a workover program to bring nearly 80 shut-in wells back online through the use of their own rigs & licensed technologies. Cycle sees this as a prime opportunity to cut fuel costs & mob times on their service rigs from well to well, while increasing production and lowering lease operating expenses bottom line.

[Jose Chavez]

If 100,000,000 shares comes here we will fly back to 0.08 very fast

[Jose Chavez]

Shares structure very low compared to latest 1000%+ runners

[GringoLocoNY]

saw it, lot of people believe higher oil prices around the corner

[Jose Chavez]

Great technical here
https://www.fxstreet.com/amp/analysis/us-oil-bulls-continue-to-strengthen-their-positions-202210250729

[247MarketAddict]

Oil prices will push higher over the next few weeks, months

[GringoLocoNY]

russia and china created all this mess

[Jose Chavez]

The U.S. is facing a diesel crunch just as demand is surging ahead of winter — with only 25 days of supply left, according to the Energy Information Administration.

National Economic Council Director Brian Deese told Bloomberg TV that diesel inventories are “unacceptably low” and “all options are on the table” to bolster supply and reduce prices.

However, even as the stockpiles are being drained, the Biden administration seems to be left with very few sustainable options for long-term relief.

[247MarketAddict]

Whoever is loading down here BRAVO!

[247MarketAddict]

All oil stocks will blow up including $XFLS

[Jose Chavez]

The deal gives investors access to private oil operations in all major American basins including the Bakken, Eagle Ford and Permian, Ryan explained.