SOURCE: Xun Energy, Inc.

Xun Energy, Inc.

May 16, 2013 08:00 ET

Xun Energy Reports on Rice Lease Site Construction

PORTLAND, OR--(Marketwired - May 16, 2013) - Xun Energy, Inc. (OTCBB: XNRG) announced that the Company's operator, Vencedor Energy Partners, commenced site construction on March 30, 2013 with the installation of the erosion and snake barriers. On May 3, 2013, the Pennsylvania Department of Transportation issued Permit No. 01031693 for the Highway Occupancy Permit (HOP). The HOP authorizes work only in department highway right of way for the construction of the driveway from the Mill City Road onto the Rice Lease.

On May 14, 2013, our President, Jerry G. Mikolajczyk visited the Rice lease to inspect the progress and meet with the construction contractor and reported: "We are very pleased to report that our construction contractor is working very closely with the landowner to satisfy the landowner's needs. The landowner, after reviewing the HOP, requested to have the driveway landscape mitigated and requested to have the driveway realigned to the Rice Lane instead of off the Mill City Road. Our construction contractor immediately redesigned the driveway access to meet the landowner's needs and construction has started on the re-aligned driveway off the Rice Lane. The delay is well worth pleasing the landowner," he reported. "It is our commitment to work with the landowners and the community to ensure that our physical presence and impact is mitigated."

The completion of the driveway this week will allow heavy equipment to be mobilized for the drill pad construction and thereafter the drilling rig can be mobilized to begin drilling our first oil well.

About XNRG

Xun Energy, Inc. is an oil operating company in development stage. Its primary assets are located in Venango County, Pennsylvania, USA. XNRG projects will be 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.

Contact Information

  • Contact:
    Richard Inza
    Investor Relations
    954-687-0011
    email: Email Contact