Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Xun Energy Inc. (XNRG) Message Board

#2 Thank you MARCO POLO III for your post and ques

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 2009
Posted On: 10/27/2014 1:28:56 PM
Avatar
Posted By: Kerry
#2
Quote:
Thank you MARCO POLO III for your post and questions in Post #1 above. We apologize for the delay in responding back to you due to internal technical issues with the back office of the Forum software. This has been rectified.

We have replicated your post below:

"The SPA is subject to XOM obtaining financing for 100% of the 8,450,000 metric ton SPA."

This basically saying XUN/XOM is responsible for 100% financing? And is this going to be done? XUN had difficulties getting financing in the past. How likely are we to get 100%. Do we even have a a shot at getting 100% financing. (DISCLAIMERS)

Question #1: This basically saying XUN/XOM is responsible for 100% financing?

Response #1: Referring to the JV003 Profit Sharing Agreement, XOM is responsible for sourcing the remaining 80% financing of the purchase of the jet fuel. XOM is not responsible for providing the funds, only sourcing the funding needed to fund the remaining purchase which may be other Profit Sharing counterparties.

Question #2: And is this going to be done?

Response #2: The Company is in discussions with various financiers who have shown interest in funding the remaining 80%. We cannot speculate on the success of obtaining the financing needed for the remaining 80%.

Question #3: XUN had difficulties getting financing in the past. How likely are we to get 100%.

Response #3: The physical commodity trading division is independent of the oil and gas operations and should be viewed as a standalone profit centre which do not correlate with each other. The rate of return and the associated risks are completely different and unrelated. We cannot speculate on the success of obtaining the financing needed for the remaining 80% financing for JV003.

Question #4: Do we even have a a shot at getting 100% financing. (DISCLAIMERS)

Response #4: The Company is in discussions with various financiers who have shown interest in funding the remaining 80%. We cannot speculate on the success of obtaining the financing needed for the remaining 80%.

THERE CAN BE NO ASSURANCE THAT JV003 WILL BE ABLE TO OBTAIN THE REMAINING 80% FINANCING REQUIRED TO PURCHASE THE 8.54 MILLION METRIC TONS OF AVIATION JET FUEL. THERE CAN BE NO ASSURANCE THAT JV003 WILL BE ABLE TO SELL THE AVIATION JET FUEL SHOULD IT BE SUCCESSFUL IN OBTAINING FINANCING FOR THE AVIATION JET FUEL. EVEN IF JV003 WAS SUCCESSFUL IN SELLING THE AVIATION JET FUEL, THERE CAN BE NO ASSURANCE THAT THE SALE OF THE AVIATION JET FUEL WILL BE PROFITABLE OR THAT THE COMPANY WILL BE ABLE TO GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY.

We thank you for your interest, support and faith in the Company.

Respectfully,

Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO



(0)
(0)




Xun Energy Inc. (XNRG) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us