PORTLAND, OR--(Marketwired - May 23, 2014) - Xun Energy, Inc., (OTCBB: XNRG) (the "Company"), a development stage oil operating company with primary assets in Pennsylvania, is pleased to announce that the Company has commenced the completion of #15 on the Rice Lease, Venango County, PA.
As of May 22, 2014, the Company's operator, Vencedor Energy Partners (VEP), reported that the electricity service to the Rice lease has been installed with transformer set. Wet weather has caused a delay in having the service rig set due to water saturated site access roads and field. The service rig should be spotted over the weekend with correlating and notching scheduled for May 27, 2014, weather permitting. Fracking of the oil well is scheduled for later in the week after the Rice #15 is notched.
In addition to the completion of Rice #15, the drilling rig for the second Rice oil well has been mobilized on the site.
About Xun Energy, Inc.
Xun Energy, Inc. is an oil operating company in development stage. Its primary assets are located in Venango County, Pennsylvania, USA. Our projects are subject to completing its financing and the success of the drilling and completions program. Additional information may be found at http://www.xunenergy.com.
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 Private 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.