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Nice, XNRG .26 x .27 just kicking off!!!
XNRG >> Xun Energy to Acquire a 51% Gross Royalty Interest in up to 500 Producing Oil and Gas Wells in Kentucky
2010-12-14 08:45 ET - News Release
PORTLAND, OR -- (MARKET WIRE) -- 12/14/10
Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) On December 9, 2010 XNRG executed a Letter of Intent with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. GEA is in the business of exploring, developing, operating, and investing in, acquiring, selling, managing and drilling oil and gas properties.
It is anticipated that GEA will form a new, wholly owned subsidiary (the "Subsidiary") and transfer the royalty interests in the oil wells to this entity. XNRG will then acquire 51% of the common stock of the Subsidiary and have a right of first refusal to purchase the remaining 49% in the Subsidiary.
"The asset acquisition, subject to closing, is the first step to move XNRG from a 'Shell' status to an operating company status," said XNRG president Peter Matousek, "This has been a very positive process and we are excited to have the ability to generate revenue with relatively low risk in the near future," he added.
GEA and affiliates have exclusive drilling rights to approximately 60,000 + acres of oil and gas bearing properties with landowners in central and south central Kentucky and Tennessee whereby GEA and affiliates will receive 100% of the net revenues after the landowner's royalty fee which will be between 12.5% and 28.125% and applicable transportation costs, per producing well. The Subsidiary will be responsible for the funding of the drilling and completion costs.
"We will immediately begin to develop an aggressive 15 well program with low fixed drilling and completion costs," stated Peter Matousek, XNRG's President. He further stated, "With our Gross Royalty position, we will not be subject to any monthly operating or maintenance costs."
The LOI will provide a framework for the Parties to enter into a Definitive Agreement which is anticipated to be approved by the respective Board of Directors on or before January 17, 2011 with a closing on or before January 31, 2011. The parties reserve the right to modify the structure of the transaction to facilitate any required regulatory approvals and to minimize the tax consequences of the transaction.
The Purchase Price for the acquisition of its equity position in the Subsidiary shall be paid in XNRG's common stock based upon the fair market value of the equity percentage of the Subsidiary's common stock. The LOI further contemplates that XNRG will redeem a percentage of the shares of common stock owned by XNRG's officers and directors in an amount equal to the proportionate share of the common stock issued to GEA. Additionally, Peter Matousek will tender 100 million shares of common stock for redemption by XNRG for nominal consideration.
Closing of the transaction is subject to further due diligence, execution of a definitive agreement, and satisfaction of conditions precedent including delivery of audited financial statements of the Subsidiary and a valuation prepared by an Independent Third Party. There can be no assurance that the parties will come to terms on a definitive agreement or that drill proposed transaction will in fact close.
For additional information, please see the 8K filing complete with Letter of Intent, link: http://www.sec.gov/Archives/edgar/data/1435936/000143593610000020/0001435936-10-000020-index.htm
About XUN ENERGY, INC.
Xun Energy, Inc. (XNRG) is a development stage company. We are a shell, which is a company that has very little assets, other than cash, and has no viable business plan at this moment. XNRG's mission is to purchase or develop a revenue producing asset.
For Further information on this news release or on XNRG, please visit http://www.xunenergy.com/ or contact XNRG's Investor Relations Department, telephone: 1-775-200-0505, e-mail address: investor@xunenergy.com.
Xun Energy, Inc. Investor Relations Department
telephone: 1-775-200-0505
e-mail address: Email Contact
http://www.xunenergy.com/
Please lmk if you come across Black Creek N43101 report. Also, Probe coming back up from the 1.86 lod I like the swings on this one (providing you catch them at the right time).
AWYI and IFXY should be good for a pop!
PVHO >> Provision Interactive Partners With Social Media Discount Company to Boost Local Ad Sales
2010-12-15 08:45 ET - News Release
CHATSWORTH, CA -- (MARKET WIRE) -- 12/15/10
Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that it has signed an agreement with Santa Monica-based social media discount company SocialBuy.com. SocialBuy.com will support Provision's local advertising sales efforts as Provision continues to roll out its 3D Rewards Center network in Los Angeles.
SocialBuy.com's local coupons and promotions, referred to as "Daily Deals," will be placed in the Provision's 3D kiosks that are located in Los Angeles area grocery stores. Consumers using the Reward Centers will have access to discounts from numerous local merchants that otherwise would not have been made available to them.
Provision's partnership with SocialBuy.com includes profit sharing. As SocialBuy.com coupons are redeemed with local merchants, Provision will receive a percentage of the items sold. SocialBuy.com's leading-edge technology will allow both parties to monitor the impressions, click-throughs and/or other tracked activities achieved by Provision's 3D Rewards Center.
"Social media discount programs are seeing extraordinary growth," said Provision CEO Curt Thornton. "This is an amazing opportunity to use our unique 3D Rewards platform to add an offline, onsite dimension to the program with one of the most compelling touch points at the point of purchase. This truly is the best of both worlds with measurable results."
News just released...u still in that one?
XNRG .22 x .25 +33%
Probe news:
Probe Mines, Lake Shore form West Timmins joint venture
2010-12-13 08:32 ET - News Release
Also News Release (C-LSG) Lake Shore Gold Corp
Mr. David Palmer reports
PROBE MINES ANNOUNCES FORMATION OF JOINT VENTURE WITH LAKE SHORE GOLD CORP ON WEST TIMMINS PROJECT; DRILLING PROGRAM PLANNED FOR JANUARY 2011
Lake Shore Gold Corp. has vested a 55-per-cent interest in Probe Mines Ltd.'s West Timmins property, located immediately adjacent to Lake Shore Gold's Timmins mine property, and will act as operator of the project. Probe will retain a 45 percent interest in the claims. A Joint Venture Management Committee (the "Committee") has been formed with two representatives from each company. The Committee is currently planning a diamond drill program to test a prospective target approximately 800 metres east from both the Timmins Mine and the Rusk-Porphyry Zone discoveries on Lake Shore Gold's wholly owned Thunder Creek property. The target is distinguished by a coincident magnetic-induced polarization anomaly in the vicinity of a single drill hole completed by Probe in 2004, which intersected alteration in the sediments similar to that found near the mineralized zones on Thunder Creek. The drill program will consist of approximately 500 metres and be completed in the first quarter of 2011.
Dr. David Palmer, President of Probe states "We are pleased to be working with Lake Shore Gold on the West Timmins Project. Their experience in the area will be invaluable as we continue to explore the potential of the property under the new Joint Venture."
The West Timmins property is comprised of 52 claim units surrounding Lake Shore Gold's Timmins Mine property to the north, east and southeast. The Timmins Mine deposit has probable reserves of 812,000 ounces and is currently undergoing underground development prior to production. The Porphyry Zone discovery at Thunder Creek is located approximately 800m west of the joint venture property and contains drill intersections of up to 83.4 metres averaging 12.75g/t Au in TC09-68b (see Lake Shore Gold's press release dated June 24, 2009) and 99.6 metres grading 4.91 g/t Au in TC650-001 (see Lake Shore Gold's press release dated November 24, 2010).
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.
We seek Safe Harbor.
SAEI indeed a BIG WEEK ahead on todays news!
What's the CEO getting you for XMAS?
U.S. Navy Awards Lockheed Martin $45.8 Million to Prepare Unmanned K-MAX Helicopter for Deployment
2010-12-10 11:07 ET - News Release
WASHINGTON, Dec. 10, 2010 /PRNewswire/ -- The U.S. Naval Air Systems Command awarded Lockheed Martin (NYSE: LMT) and Kaman Aerospace (Nasdaq: KAMN) a $45.8 million contract for K-MAX® unmanned aircraft systems for a U.S. Marine Corps evaluation of unmanned cargo resupply in an operational forward deployed environment.
"The K-MAX UAS was specifically designed for the battlefield cargo resupply mission," said Dan Spoor, Lockheed Martin Aviation Systems vice president. "K-MAX's capabilities directly answer the Marine Corps' requirement to augment ground and air logistics operations, supplement rotary-wing assets and keep warfighters supplied and out of harm's way."
The contract includes the delivery of two K-MAX air vehicles and three remote control ground stations to the U.S. Marine Corps for a Quick Reaction Assessment, scheduled for summer 2011.
The unmanned K-MAX has demonstrated its ability to carry and deliver 6,000 pounds of cargo at sea level and more than 4,000 pounds at 10,000 feet altitude. The aircraft can also deliver more cargo to more locations in one flight than any other unmanned rotary wing aircraft. Its intermeshing rotors eliminate the need for a tail rotor and allow for significantly improved lift performance and lower maintenance costs.
"K-MAX is the optimal choice for an affordable unmanned cargo delivery capability," said Terry Fogarty, Kaman Aerospace Unmanned Aircraft Systems general manager. "With reduced operational and logistics costs, increased fuel savings and less manpower required compared to a ground vehicle convoy or manned helicopter, the K-MAX is the lowest-risk solution for the mission."
So all the Billionaires are signing up to buy one of these....u got your name on the waiting list?
Good call on KUN!
NYSE Amex Accepts China Shenghuo's Compliance Plan for Continued Listing
2010-12-08 02:30 ET - News Release
KUNMING, China, Dec. 8, 2010 /PRNewswire-Asia-FirstCall/ -- China Shenghuo Pharmaceutical Holdings, Inc. (NYSE Amex Equities: KUN) ("China Shenghuo" or the "Company"), which is engaged in the research, development, manufacture, and marketing of pharmaceutical, nutritional supplement and cosmetic products in the People's Republic of China ("PRC"), today announced that the NYSE Amex LLC (the "NYSE Amex" or "Exchange") has accepted the Company's plan of compliance for continued listing.
Has the share count reflected?
MEGA PLAY???? Do you have anything with a First Day of 200 to 400%
CTNO +20% .0125 x .015
CTXV 1.01 x 2.00 they may want to get this higher since they are wanting to go to NASD board.
What's the MEGA-PLAY?
What are you expecting on SHAR?
HUGE volume day before yesterday on DTSL, u should've made a bit of coin!
Morning, i missed out on NRPI's action today!
Hi again Carnac... I'm averaged at about 0.0118 on ALTO
ALTO for next week...have a great one!
Morning.....XODG very nice for a friday!
Good to see you on board Carnac....got some good people here!
People getting into a cash position for the weekend, they need to get that Xbox on sale lol!
Haven't played that one for some time, ALTO should be able to climb a few more notches imo!
What's up Chopsuey?????
Where's the party?
IGAI .0001 x .0002 7/1 you think she has a chance?
IGAI .0001(7) x .0002(1) could easily swing!
One subby that you may like is IGAI....that can get lit in a moment's notice lol!
IGAI getting a pulse back?
Jump on the PPTI train, watch for ETNL to turn back up!
Morning brich, PPTI has been unbelivable this morning!
BeigeBill....PPTI this volume continues we will see .014 easily!!
BIOD 1.71 x 1.72 on 132k shares 318 trades one i would put on watch!
Joanneg...get yourself away from those shopping malls lol!
Just takes a nice little push against the .0012's here and RNWF will see freedom!
Here she goes!