Xun Energy, Inc. (fka XNRG)

[Carsmax177]

Based on the products, I think they are two separate deals. Mazut is a form of oil used to make diesel that was mentioned on the Xun Oil website here:

"Aggressively negotiating with Ready, Willing & Able buyers, sellers and financiers, Mr. Mikolajczyk has developed a business model which has successfully completed its first physical commodity trade of 200,000 metric tonnes of Mazut of a 2.4 Million tonne, 12 month, purchase and supply contract with no financial risk to XUN."

http://www.xunoil.com/Xun_Oil_Marketing_Energy.aspx

Under the title "One Such Mind" under "Xunergy"

Brief description on Mazut: http://en.wikipedia.org/wiki/Mazut


Whereas JV002 deals in aviation jet fuel. Per Xun's 10Q:

"On May 25, 2014, the Company, through its wholly owned subsidiary, Xun Oil Corporation, entered into a Joint Venture Agreement (JV002) with an arm's length 3rd party to collaborate with the 3rd party in completing its obligation on a 61 million barrel Aviation Jet Fuel FOB Rotterdam, over a 13 month period, Sales and Purchase Agreement (SPA) dated July 27, 2013 with a supplier of Aviation Jet Fuel. JV002 is subject to financing and is subject to changes to the SPA with the supplier."