Xun Energy Inc. XNRG

8K dated November 15, 2016 pertains to status of XNRG, see bottom.

Xun Energy, Inc. and its subsidiaries (the Company) are primarily engaged in the acquisition of producing or near producing oil and gas properties and the development of said properties. The Company will continue to acquire producing or near producing oil and gas properties for the purpose of producing cash flow and upside development. Such activities are concentrated in North America onshore, primarily in the United States.

Xun Energy acquired 30 oil and gas well locations in Pennsylvania; production of 195 barrels of oil at Rice #15 in Venango County, PA was announced by the company on July 4, 2014. Further drilling of the wells in the area is expected to commence in the near future. You can view the Xun released video of this producing well by visiting: Rice #15 Production Video

If successful in completing development of these 30 wells, Xun has an option for an additional 15 well locations with the success of these wells being dependent upon the success of the Company obtaining the necessary funding for the completion of said wells.

Currently Xun Energy is scouting and evaluating properties in Texas, Oklahoma, Pennsylvania, Kansas and in Canada.

Xun Energy was incorporated on December 20, 2007 in the State of Nevada. Xun is a development stage company with limited revenue and significant assets.

According to the company website, there are, in addition to its primary division of Oil & Gas, three more divisions coming soon. These divisions are Energy, Mining & Capital and can be noted by visiting the Operations page of the Xun Energy website.

The capital Division now has a link to Xun Oil Marketing, their commodities trading subsidiary, which was actuated on December 24, 2014 via a press release.

Xun Oil Marketing website here: http://www.xunoil.com/Xun_Oil_Marketing_Operations.aspx

Actuation of division Press Release here: http://www.marketwired.com/press-release/xun-...979431.htm

Xun Energy provides a company forum that is managed by the company. This forum provides a means for shareholders to communicate directly with the company management as well as receive real-time information as provided by company management and can be found at: Xun Energy Forum




Mr. Jerry G. Mikolajczyk, President, CEO & CFO:

Appointed President, CEO, CFO, and a director of the Company on May 31, 2011, Mr. Mikolajczyk was a key consultant to the Company who identified the opportunities available in Kentucky, helped negotiate contracts, and assisted the Company with its financial reporting including SEC filings and financial statements from February 2010 to May 2011.

Mr. Mikolajczyk has had an extensive career in the oil and gas, construction, and mining industries. Having worked for Fortune 500 companies such as BP Resources (British Petroleum), SCI Group of Companies, Husky Oil, Syncrude, Bechtel, Guy F. Atkinson and INCO. He has worked as a heavy equipment operator on surface and open pit mining operations, he has an aggregate of forty-one years experience in the industry.

In 2008, Mr. Mikolajczyk was awarded “CFO of the Year” for the application of his knowledge and expertise in a turnaround assignment for the Santa Clara Valley Transportation Authority (VTA), a $3.3 Billion asset transportation authority in Silicon Valley (San Jose, California).

Through his consulting expertise, Mr. Mikolajczyk has provided services to many companies including (but not limited to):



Wayne St. Cyr - Executive Vice President:

Mr. Wayne St. Cyr is our Executive Vice President of Marketing and Strategic Development and Corporate Secretary. Mr. St. Cyr joined the Company as an executive on January 1, 2011. Prior to joining Xun Energy, Inc., he was employed for ten years as District Manager, New England Division, Royal Bank of Scotland (RBS). His responsibilities included, but not limited to, managing the merchant transactions for approximately 430 Citizen Bank branches and their partners as well as developing key alliances with Citizens Bank. During his tenure with RBS, Mr. St. Cyr was a six-time recipient of the President's Award for exceeding company objectives.

Mr. St. Cyr’s education includes an Associate's degree in Business Administration and a Bachelor of Science degree in Marketing.

Peter Matousek; VP of Investor Relations:

Peter Matousek is an internationally seasoned consultant and entrepreneur with a European background. Formal education includes attendance at University of Maryland University College and Warner Pacific College, where he earned degrees in Associates of Arts and Bachelors of Business Administration.

He has been a proud member of the United States Navy and is a Veteran of Foreign War having recently served in Operation Iraqi Freedom. The Army Achievement Medal, Navy Achievement Medal and Honorable Discharge are among his many awards and recognition.

Professionally, Mr. Matousek has demonstrated both passion and ability, working extensively with the public markets for companies throughout the United States and Canada. During this time, he has cultivated relationships with shareholders, private investors, venture capital firms and investment advisors, in addition to a wealth of business professionals and strategic partners worldwide. These relationships have allowed him to excel within the natural resource sector including oil & gas and precious metal mining.

With over 20 years of experience in the financial and natural resource sector, Mr. Matousek has utilized his in-depth knowledge and skills to foster unparalleled success in the public arena. He has held directorships, key officer positions, and has represented numerous companies in the capacity of Investor & Public Relations. His ability to communicate in a number of languages including German, Czech, English and to understand other cultures and traditions has enabled Peter to establish lasting relationships and effective synergies.

He has also been a frequent contributor to charitable organizations, such as Ministries to Mexico and contributed to the erection of a War Heroes Memorial.

William D. Spier, PHD - Treasurer:

Dr. Spier has been an advisor in economics and business development to private equity funds in the U.S. and Europe for the past six years. Prior to that, he was a business growth consultant to major proprietary and public institutions of higher education with 5-1 year appointments.

Acting as Senior Vice President for Whitman Medical and Executive Director for Ultrasound Technical Services (a reporting issuer) for 13 years, he was responsible for the founding and growth of the pioneering institute for medical ultrasound training which expanded to 15 major markets in the U.S.

From 1982-1984 Dr. Spier was affiliated with Diamond Turk & Company, a specialist firm on the American Stock Exchange.

From 1969 to 1981, Dr. Spier held various positions with the New York Board of Education, was a graduate instructor at Washington University, St. Louis, Assistant Professor of Sociology, St. Louis University and a member of the United States Teacher Corps.

Dr. Spier received his Bachelor of Arts degree from Hobart College, his Master’s degree from Washington University, St. Louis, and his Doctorate in Sociology with concentration in political economy from Washington University, St. Louis.

With an extensive history of publications, Dr. Spier has authored more than fifty business plans for both start-ups and established companies. He is a member of economic, education and medical societies and participates on the board of various public companies as well as being a visiting instructor at NYC and metropolitan-area institutions of higher education for graduate level teaching.

Xun Energy, Inc. trades under the symbol XNRG and as of August 1, 2014 is listed as current with OTC Markets with an updated company profile which can be seen by visiting: OTC Markets--XNRG

8K regarding current status as of november 15, 2016:

Quote:

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ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On November 15, 2016 we submitted an Offer of Settlement (the “ Offer of Settlement ” ) to the Securities and Exchange Commission (the “ SEC ” ) pursuant to Rule 240(a) of the Rules of Practice of the SEC with respect to administrative proceedings initiated against us by the SEC on November 2, 2016 (File No. 3-17659) pursuant to Section 12(j) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ” ). In the Offer of Settlement, we consented to the entry of an order by the SEC (the “ Order ” ) finding that we had failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because we had failed to file any periodic reports with the SEC since the period ended August 31, 2014 and further consented that the registration of our common stock under Section 12 of the Exchange Act be revoked pursuant to Section 12(j) of the Exchange Act.

ITEM 8.01

OTHER EVENTS

We plan to, subject to completion of adequate financing or cash flow, re-register our common stock under Section 12(g) of the Exchange Act after the May 31, 2017 fiscal year end audit is completed, expected timeframe being September 2017, barring any delays.

Plan of Operation for Remaining Fiscal Year


During the timeframe leading up to our fiscal year end of May 31, 2017, subject to adequate financing or cash flow, we plan to complete or initiate the following:


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Close on a financing transaction that is currently in progress.

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Re-instate the Company in the State of Nevada.

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Close on two of four ULSD (Ultra Low Sulphur Diesel) physical commodity trades that are in progress with the potential to lead to a monthly demand of 60 Million gallons per month over a 12 month contract period.

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Close on a contemplated acquisition of land and permits for a 102 Mega Watt (MW) power project, currently in progress.

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Discharge our Convertible Debenture obligations through cash settlements.

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Discharge our obligations relating to our trade payables including the November 17, 2014 Superior Court of Connecticut, Judicial District of Danbury Order approving the voluntary Stipulation for Settlement of Claims ($1,834,935 in debt obligations) through cash payments.

·


Change the domicile of the Company from Nevada to an as yet undetermined State.

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Restructure the capital stock of the Company, including but not limited to a reverse stock split.


THERE ARE NO ASSURANCES THAT THERE WILL BE A SUCCESSFUL CLOSE ON THE FINANCING, ON THE ULSD PHYSICAL COMMODITY TRADES OR ON THE ACQUISITION OF THE 102 MW POWER PROJECT. THERE CAN BE NO ASSURANCE THAT THE SALE OF THE ULSD WILL BE PROFITABLE OR THAT THE COMPANY WILL BE ABLE TO GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY FROM THE PURCHASE AND SALE OF ULSD.


THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON THE FINANCING THAT THE FINANCING WILL BE SUFFICIENT TO DISCHARGE ITS DEBT OBLIGATIONS OR BE SUFFICIENT TO GENERATE REVENUES FOR THE COMPANY.


THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY CLOSE ON THE ACQUISITION OF THE LAND AND PERMITS FOR THE 102 MW POWER PROJECT THAT THE COMPANY WILL BE SUCCESSFUL IN RAISING THE FUNDS NECESSARY TO COMPLETE THE CAPITAL COST OF THE PROJECT AND THERE ARE NO ASSURANCES THAT SHOULD THE COMPANY BE SUCESSFUL IN RAISING THE NECESSARY FUNDS TO COMPLETE THE 102 MW POWER PROJECT, THAT THE 102 MW POWER PROJECT WILL BE ABLE TO GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY.




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 16, 2016

XUN ENERGY, INC.

/s/ Jerry G. Mikolajczyk

By: Jerry G. Mikolajczyk

Title: President and CEO

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Link to the 8K: http://www.otcmarkets.com/edgar/GetFilingHtml...D=11694637