Hey Spear, Long time no see! Glad to see you ar

Hey Spear,

Long time no see! Glad to see you are still around.

The jet fuel deals are the center of attention right now. It looks like per the last post on the forum, that the jet fuel is being shipped and they are waiting on proof of product upon delivery at Rotterdam:

http://forum.xunenergy.com/default.aspx?g=pos...3#post6022

Keep in mind, the entire jet fuel deal is to be spread over a 13 month period, so this shipment would be the initial lift.

In no particular order, next you have the debt settlement suit. Check out the following links for more information on that:

http://investorshangout.com/post/view?id=2155104

http://investorshangout.com/post/view?id=2155156

The falls project is still in the works, In September, Jerry replied on the forum the following (post #26):

http://forum.xunenergy.com/default.aspx?g=pos...0#post5918

In addition, take it for what it is worth, this was in the 10-Q:

http://forum.xunenergy.com/default.aspx?g=pos...6#post6015

If you check prior financial statements, this is not in them.

Additionally, the Venango County SMB is on the back burner for now as seen by the post here:

http://forum.xunenergy.com/default.aspx?g=pos...5#post5992

Finally, we have Rice Well 15 still pumping. Per the 10-Q:

“On June 2, 2014, the Company completed Rice #15 oil well in Pennsylvania and began production of the Rice #15 crude oil well. By August 31, 2014, Rice #15 produced 369.5 barrels of crude oil since oil began streaming on June 16, 2014. The Rice #15 has settled in and is producing between 1 and 2 barrels of crude oil per day with water production between 4 to 6 barrels of water per day. During the 3 month period ending August 31, 2014, 296 gross barrels of crude oil were sold, net 243 barrels of crude oil, for an average sales price of $99 per net barrel. Operating costs, including Depletion and Depreciation, averaged $40 per gross barrel, $48 per net barrel.

There is no guarantee as to how much longer Rice#15 will produce oil and there are no assurances that if Rice #15 produces oil that it will be profitable.”

Which is important because of this:

“The Consultant was successfully in sourcing a CDC for the Texas Falls Project. As we disclosed in our November 5, 2013 Q & A, Response, Post #14, C: " The SBA for the 45 oil Venango project is on hold until we complete Rice #15. The SBA for the Texas properties is in process. We have the bank and the CDC in place." All SBA's require a 3-way partnership between the CDC, the Borrower and a Bank. With the Texas Falls Project, the Company had both the CDC and the Bank. After going through the underwriting process, the Bank offered to fund the Texas Falls Project on its own and pass on dealing with the CDC. As disclosed in the 10-K, the Company is currently in discussions with lenders for the Falls Project funding.”

(source is post # 26 here: http://forum.xunenergy.com/default.aspx?g=pos...0#post5918 )

So as you can see, there are a lot of coals in the fire and these are the ones we know of.

The fault-finder will find faults even in paradise. -Henry David Thoreau