PORTLAND, OR--(Marketwired - May 29, 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 completed the correlating and notching of Rice #15 on the Rise Lease, Venango County, PA on May 27, 2014.
As of May 28, 2014, the Company's operator, Vencedor Energy Partners (VEP), reported that the Rice #15 was correlated and notched according to geologist recommendations (9 Stages). The oil separator and the remaining materials for the oil flow-lines and electrical lines were delivered with the oil flow-lines and electrical lines trenched in and installed for all five Rice wells.
Fracking of the oil well is scheduled for Friday, May 30, 2014 with pumping Rice #15 on June 2, 2014.
Video updates of the construction may be viewed on our website at http://www.xunenergy.com.
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.