Xfuels Inc (XFLS)

[Jose Chavez]

Cycle paid $320,000 (Three Hundred and Twenty Thousand) dollars plus a 2.5 % capped ORRI to $250,000 (Two Hundred and Fifty Thousand) dollars.

Mr. Michael McLaren, CEO states, “This acquisition signifies our milestone leap into Texas oil and gas production business.” Mr. McLaren further states, “The acquisition will be our cornerstone property to build on, and the company is already in negotiations with synergistic properties.”