Xun Energy (OTCBB: XNRG) Completes 2nd and 3rd Oil Well Pads
PORTLAND, OR -- Xun Energy, Inc., (OTCBB: XNRG) announces that the Company's operator, Vencedor Energy Partners (VEP), completed the 2nd and 3rd oil well pad for the Company's five oil well drilling and completions program on the Rice Lease in Venango County, PA.
"The completion of the 2nd and 3rd oil well pads on the Rice Lease moves us closer to mobilizing the drilling rig," stated Jerry G. Mikolajczyk, President and CEO of XNRG. "We are progressing slowly forward considering the inclement weather that has hampered the construction progress over the last few weeks."
This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections, and contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Prvt.Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production or other factors pertaining to the oil operations will be sustained at the expected rates or levels over time. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this news release, and we undertake no obligation to update this information.
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