Xun Energy, Inc. (fka XNRG)

[Carsmax177]

In August 2015, Jerry posted the following post on the Xun Energy Company Forum, relation to Rice Well #15 is bolded:

Thank you Callen for your post and questions in Post #1 above.

We have replicated your post below:

Jerry:

Please update your shareholders as to current status of operations.

Regards

Question #1: Please update your shareholders as to current status of operations.

Response #1: As of September 5, 2015, we provide the following updates:

Administration

Quarterly reports for November 30, 2014 and February 28, 2015 are with the auditors. On July 8, 2015, the Company put the reviews on a temporary hold as the shareholders of Idria Xun Enterprises Limited are amending the FINANCING AND PROFIT SHARING AGREEMENT (F&PSA) dated December 17, 2014 which will affect the consolidated financial statements. The F&PSA has been rescinded and replaced with a LICENSING AND OPERATING AGREEMENT subject to execution by the respective shareholders.

The May 31, 2015 fiscal year end financial report is in progress and pending the completion of the November 30, 2014 and February 28, 2015 quarterly reports.

Oil and Gas Division

Rice #15 is temporally shut in due to the operations becoming uneconomical at the low WTI crude oil prices.

Xun Oil Marketing Division

Orders

The Xun Oil Marketing Division (XOM) is very active with several suppliers, funders and buyers working on over a dozen orders that are in play. We have dispelled with some of the joint ventures partners formed over the latter part of 2014, beginning of 2015 and are working with a new joint venture partner, JV0015. This new partnership is proving to be productive by focusing on eliminating the intermediaries and negotiating directly with the exit buyer. These orders are broken down into two categories, (a) reselling products after purchase and (b) facilitating either the purchase or the sale of products. Due to confidentiality agreements with the parties, the Company is restricted from disclosing the parties or the pricing of the orders. However, we can disclose that 8 orders are for the reselling of products and 6 orders are for facilitating the orders. Table 1 below provides details of the 14 orders in play at the time of writing. The orders are in various stages of being completed and closing. Depending on shipping distances and times or location of product, a closing could happen quickly or could take over 30 days from the Proof Of Financing (POF).

DISCLAIMER: THESE ORDERS ARE FLUID IN NATURE AND HAVE MANY VARIABLES THAT MAY REQUIRE REWORKING DURING THE PERIOD OF NEGOTIATION IN ORDER TO REACH A MUTUALLY BENEFICIAL TRANSACTION. ANY DISRUPTION IN THE PROCESS MAY CAUSE THE ORDER TO BE DELAYED OR CANCELLED, AS WE HAVE ENCOUNTERED NUMEROUS TIMES SINCE THE BOARD ACTUATED XOM. A TYPICAL ORDER FROM START TO CLOSE MAY TAKE FROM A COUPLE OF WEEKS TO SEVERAL WEEKS FOR A SUCCESSFUL CLOSE. EACH ORDER WHERE A BUYER OR SELLER IS NEW TO XOM MAY REQUIRE MANY HOURS TO BE CONSUMED IN DUE DILIGENCE, AS DUE DILIGENCE INVOLVES INTERNATIONAL COMMUNICATIONS, TRANSLATIONS, AND VETTING OF MANY DOCUMENTS. ONCE PARTIES TO AN ORDER REACH A PRELIMINARY CONSENSUS, MANY MORE HOURS ARE NEEDED TO DRAFT AND CIRCULATE DOCUMENTS BEFORE FINAL AGREEMENTS ARE READY FOR SIGNATORY AND NOTARIZATION.

Below are transactions that XOM have in process as of September 5, 2015:



DISCLAIMER: THERE ARE NO ASSURANCES THAT THE COMPANY WILL BE ABLE TO CLOSE ON ANY OF THE PHYSICAL COMMODITY TRADES, WHETHER AS A RESELLER OR FACILITATOR. THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON A PHYSICAL COMMODITY TRADE, WHETHER AS A RESELLER OR FACILITATOR, THAT IT WILL BE PROFITABLE.

DISCLAIMER: SUBJECT TO SAFE HARBOR CLAUSE.

We thank you for your interest, support and faith in the Company.

Respectfully,

Xun Energy, Inc.

Jerry G. Mikolajczyk
President and CEO

Safe Harbor

The statements contained in this post may not be historical fact, are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” "projects" or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company wishes to caution the reader that its forward-looking statements that are historical facts are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. While sometimes presented with numerical specificity, these projections and other forward-looking statements are based upon a variety of assumptions relating to the business of the Company, which, although considered reasonable by the Company, may not be realized. Because of the number and range of assumptions underlying the Company’s forward-looking statements, many of which are subject to significant uncertainties and contingencies that are beyond the reasonable control of the Company, some of the assumptions inevitably will not materialize, and unanticipated events and circumstances may occur subsequent to the date of this report. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. Therefore, the actual experience of the Company and the results achieved during the period covered by any particular forward-looking statements may differ substantially from those projected. Consequently, the inclusion of forward-looking statements should not be regarded as a representation by the Company or any other person that these estimates and projections will be realized. The Company’s actual results may vary materially. There can be no assurance that any of these expectations will be realized or that any of the forward-looking statements contained herein will prove to be accurate. There is no guarantee that the Company will close on the financing or close on the acquisition of the producing oil and gas leases.