Xun Energy, Inc. (fka XNRG)

[sick_of_dh]

Looks like you didn't read yourself. If you go down to near the bottom you see where that letters of intent are not required since these are not considered material. A letter of intent is all that the company would need to establish footing and have a reason to consider more business talks, negotiations, pursuits, etc. I couldn't take a letter of intent to my bank and ask for a loan from that. They'd tell me that looks good but come back when you got the contract for them to buy your stuff.
Not everything a public company does in business is seem as material. They establishes the Xun oil energy division and announced it. Until there is a binding contract or money in the account everything is thought as business as usual until these things happen. If every company was required to publish an 8k every time they did anything relates to advancing their operations they'd never get any work done because they would be so busy filing 8k's.

Xnrg