Quote:Thank you fischerman1940 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:
Hello,
I was wondering if you could clarify a passage from the quarterly report.
Per the Quarterly report under Assets and Liabilities:
“Our primary financial resource is our base of unproven oil and gas leases. Our ability to fund our capital expenditure program is dependent upon the availability of capital resource financing. In this fiscal year, we planned on spending approximately $9,000,000 in new capital investments for the purchase of the Texas Falls oil and gas leases and the drilling of 23 new oil and gas wells on these leases. Factors such as changes in operating margins due to changes in the price of oil and gas and the availability of capital resources-- could increase or decrease our ultimate level of expenditures during the remaining fiscal year.”
Does this mean that there is a high likelihood the Falls Project loan will be approved and the Falls Project purchased in this fiscal year?
Thank You.
Question #1: Does this mean that there is a high likelihood the Falls Project loan will be approved and the Falls Project purchased in this fiscal year?
Response #1: The Company is in discussions with lenders and investors to close on the Texas Falls oil and gas leases and cannot speculate on the success of closing. There are no assurances that the Company will close on the Texas Falls oil and gas leases and if the Company does close on the Texas Falls oil and gas leases, there are no assurances that the Texas Falls oil and gas leases will be profitable.
We thank you for your interest, support and faith in the Company.
Respectfully,
Xun Energy, Inc.
Jerry G. Mikolajczyk
President and CEO
#6 (Regarding the Falls project noted in the 10Q): Thank
Top 10 Most Recent News Articles
HSBC Boosts Tender Offer: Capital Management Maneuver
HSBC Raises Stake in Its Own Game See folks, when HSBC announces it's bumping up the ceiling on buying back its own securities, you know there's a game afoot in the capital management arena. They raised the offering to snag up these $3 billion 6% perpetuals from $1 billion up to a hefty $1.5 billion. It's like they’re saying, 'Hey, let’s tighten the belt and make sure...
Continue Reading
Aries Ignites a Social Renaissance in La Jolla
The Dawn of Aries: A Beacon for Social Change Coming out of nowhere, Aries is set to make waves in La Jolla, and no, I'm not talking about another swell hitting the shores. Instead, we're witnessing a new chapter for the rooftop of Hotel La Jolla, where an investment of over a cool million bucks aims to deliver a slice of European flare right here on the Pacific. A...
Continue Reading
Forum Mobility Energizes SoCal with Tesla Semi Chargers
Plugging In the Future of Freight Epic transformations seldom arrive quietly. Here comes Forum Mobility, kicking the doors wide open with their spanking new v4 Megawatt Charging Standard (MCS) chargers at the Port of Long Beach. This ain't just some fancy ribbon-cutting ritual; it's a shoutout to the future—a future where zero emission trucks hold the wheel. November...
Continue Reading
Netcapital Faces Fraud Lawsuit: Investor Impacts Unravel
Investors Caught in Netcapital's Storm Well, here we are, back on the wild roller coaster that is the stock market, and boy, has Netcapital Inc. landed itself in a mess. The company's been hit with a securities fraud class action lawsuit thanks to allegedly cooking up fake consulting agreements that padded their revenues by a cool $14 million. That’s not just pocket...
Continue Reading
Tucows Shows Progress in Q3 2026 Amidst Net Loss
Q3 Snapshot: Balancing Act at Tucows Man, if there's one thing you can count on from Tucows, it's that they'll shuffle the deck just when you're getting comfortable. Here in the third quarter of 2026, they've managed a decent juggling act. Their unaudited numbers show consolidated net revenue ticking up 1.4% from last year, rounding out at a cool $100 million. That's...
Continue Reading
Chesapeake Utilities Q3 2026: Growth Meets Strategy
Chesapeake Utilities Shows Strong Q3 2026 Growth Chesapeake Utilities Corporation (NYSE: CPK) ain't pulling any punches this quarter. They're showing off some solid numbers, with net income for Q3 hitting $21.6 million and EPS coming in at $0.89. Not just stopping there, these fellas are flexing a year-to-date growth rate of 8.4% on Adjusted EPS. Now, you gotta pay...
Continue Reading
PSG's Anna AI Wins Vizient's Innovative Tech Nod
Hospital Hiring Gets a Tech Boost In the bustling world of healthcare recruitment, it's like trudging through quicksand with a time bomb strapped to your back. That's where PSG Global Solutions sauntered into the Las Vegas spotlight with Anna AI, their generative AI marvel that just snagged the Innovative Technology designation from Vizient. This ain’t your...
Continue Reading
Luxury Dog Resort Opens in Dallas on November 14th
Dallas Pooches Get Star Treatment It's about time our furry pals in Dallas got a piece of high society. This ain't your run-of-the-mill doggie daycare opening a new outlet. The Wags Club, with its roots deep in Los Angeles luxury, is setting up shop near Love Field, giving Texan pups a taste of the good life. Visitors on November 14 better dress their best, and that's not...
Continue Reading
NovoTech Climbs Charts: Chambers USA Spotlight Kudos
NovoTech's Moment in the Spotlight Every once in a while, a small fish manages to swim with the sharks and come out shining. NovoTech, a relative newcomer in the swarm of patent law firms, has snagged itself a spot in the inaugural Chambers USA Spotlight 2027 DC Metro Guide. Considering they're playing in the bustling intellectual property scene, this is no small...
Continue Reading
Key Life Events That Demand a Financial Plan Change
Navigating Life's Milestones with Financial Savvy Nothing stirs the financial pot quite like life's big events. The grind of daily life might trick you into thinking everything's fine, but ignore these milestones at your peril. Ted Thatcher, a financial advisor from Roseville, California, lays it out in HelloNation's latest foray into sound financial planning: your...
Continue ReadingTop 5 Most Recently Viewed Articles
Legend Senior Living Expands Portfolio with New Residences
Legend Senior Living Expands Its Reach In an exciting development, Legend Senior Living®, a respected name in the senior living industry, recently announced its expansion with the acquisition of two new residences. This announcement marks the company's first entry into Missouri, integrating the newly acquired property, The Vero of O'Fallon, into its growing portfolio....
Continue Reading
CoStar Group Partners with Bidwells, Enhancing CRE Insights
CoStar Group Collaborates with Bidwells for Enhanced Analytics CoStar Group, Inc. (NASDAQ: CSGP), a renowned leader in the online real estate marketplace, has made waves in the commercial real estate (CRE) sector with its latest partnership. The company welcomes Bidwells as a new client, marking a significant development in CoStar's already impressive portfolio of...
Continue Reading
Oregon Pacific Bancorp Reports Strong Q4 2024 Earnings
Oregon Pacific Bancorp Delivers Solid Financial Performance in Q4 2024 Oregon Pacific Bancorp (ORPB), the parent company of Oregon Pacific Bank, recently announced its fourth quarter earnings for 2024, showcasing impressive financial results. Net income for the quarter soared to $2.2 million, translating to $0.31 per diluted share. This represents a significant increase...
Continue Reading
Enhancing Maternal Health with Data Integration and Insights
Collaborating for Maternal Health Awareness In a commendable effort to address maternal health issues, PolicyMap and Surgo Health have joined forces to integrate the Granular Maternity Vulnerability Index (gMVI) into PolicyMap's analytics platform. This partnership is not just a technical update; it is a profound commitment to understanding and improving maternal health...
Continue Reading
Middlefield Canadian Income PCC Updates Net Asset Value
Middlefield Canadian Income PCC Net Asset Value Update Middlefield Canadian Income PCC, commonly referred to as Middlefield Canadian Income - GBP PC, is a well-established protected cell company known for its strategic investment approach. Located in Jersey, the company is registered under number 93546 and holds a Legal Entity Identifier of 2138007ENW3JEJXC8658. Current...
Continue Reading