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Wednesday, 12/29/2010 11:04:37 PM

Wednesday, December 29, 2010 11:04:37 PM

Post# of 1289
From Stockraker:

XNRG closed today at .145 and is poised to penetrate it's recent high of .33!

This may be golden opportunity to get in on the ground floor before they strike oil!!

The stock moves very thinly with only 3.5-4 million shares in the float(this was confirmed by the President of the company today.)

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From Recent 8k filing:

"PURCHASER and SELLER agree that the value of the PURCHASER SHARES will be a minimum of USA Seventy five Cents (USA$0.75) per PURCHASER SHARE or the average of the five (5) day closing price prior to January 31, 2011. "


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On December 9, 2010 XNRG executed a Letter of Intent with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. GEA is in the business of exploring, developing, operating, and investing in, acquiring, selling, managing and drilling oil and gas properties.

500 producing oil and gas wells dollar value, lets say 400 oil wells producing on average 30 barrels a day at $90 gives us about $2,700 a day per well X 340days is $918,000 per well x 400 wells is $367,200,000 per yr.

35 barrels per day per well 400 oil wells is $428,400,000 per yr.
40 bpd per well 400 oil wells is $489,600,000 per yr
50 bpd per well 400 oil wells is $612,000,000 per yr

www.oil-price.net/
http://www.mergernetwork.com/index/oil-and-gas-businesses-for-sale

XNRG has also added a new member to their crew. A little background on him:

:Mr. St. Cyr comes to us leaving a distinguished 10 year career with RBS Group (Royal Bank of Scotland) which includes a six time recipient of the President's Award for exceeding company objectives and developing almost $2 billion in total business volume. During his tenure at RBS/Citizens Financial Group, he was responsible for developing the key alliances with Citizens Bank. His first objective with XNRG will be to plan and implement the funding of the drilling and completion of 500 oil and gas wells in the previously announced planned acquisition from GEA of the 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky.


Its a head fake in this market!
It's all about the charts......& DD


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