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Jose Chavez

10/27/22 7:12 AM

#16819 RE: GringoLocoNY #16808

Several investors have inquired about our technologies and their state of development, Mr. Michael McLaren states “We are continuing to develop our technologies for market through our own internal resources and although our focus has been to push the oil and gas production higher, we have in no way put these technologies on the back burner.” Mr. McLaren further stated, “The hydrogen technology and GTL systems are our future, and we continue to develop them as part of our business plan.” “We have always had the strategy of developing a strong cashflow through traditional energy production and grow the technology internally without having to stress the company or its shareholders with large scale debt or dilution.” Mr. McLaren stated further “Since Xfuels has decided to market the Canadian properties the deployment of these technologies will now be focused on the newly acquired assets in Texas.”