XNRG Update - Dear Folks,
We report that the Rice #15 oil well has produced 90.63 barrels of crude oil as of 7:00 AM EDT, June 25, 2014, since oil began streaming on June 16, 2014.
Rice #15 is coming on stronger with oil. Based on the last 24 hours of production, Rice #15 is producing at slightly less than 4 to 1 ratio of water to oil. We are pleased to see the ratio of water decreasing to each barrel of crude oil. The production of water is still above average for this area.
We are continuing to closely monitor the production and are evaluating the production results on a daily basis.
Thank you for your support and faith in the Company and its management.
Respectfully,
Xun Energy, Inc.
Jerry G. Mikolajczyk,
President, CEO, CFO, Director
