More info from Jerry today on the forum Thank y

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Thank you Daddyvlo17 for your post and questions in Post #1 above.

We have replicated your post below:

Hello Sir. Thank you for working hard behind the scene. Its starting to get very exciting around here. I have one quick question for you sir.

Question #1
Do you have a timeline on the arrival of the first shipment of the jet fuel. A week or so? A month from now?

Thanks in advance.

Question #1: Do you have a timeline on the arrival of the first shipment of the jet fuel. A week or so? A month from now?

Response #2: The latest updates are as follows:

JV002 Status:

As of October 27, 2014, JV002 is waiting for Proof of Product (POP) from the Supplier that the jet fuel has arrived at Rotterdam and unloaded in a jet fuel storage tank. The following documents are required:

1. Tank Storage Receipt (TSR);
2. Authorization To Sell (ATS);
3. Dip Test Authorization (DTA); and
4. Fresh SGS report, not less than 48 hours.

Upon receipt of the above documents, JV002's banker will release the Irrevocable Revolving Documentary Letter of Credit (IRDLC) guaranteeing payment for the first (trial) shipment and subsequent deliveries of Jet Fuel.

THERE CAN BE NO ASSURANCE THAT JV002 WILL BE ABLE TO SELL THE AVIATION JET FUEL SHOULD JV002 BE SUCCESSFUL CLOSING ON THE AVIATION JET FUEL PURCHASE SHOULD THE AVIATION JET FUEL BE AT ROTTERDAM. EVEN IF JV002 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.

JV003 Status:

As of October 27, 2014, JV003 is waiting for the 20% financing counterparty to provide proof of funds.

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 SHOULD THE 20% FINANCING PARTNER PROVIDE PROOF OF FUNDS. 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.

DISCLAIMER: SUBJECT TO SAFE HARBOR CLAUSE.

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

Respectfully,

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

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