IMO, Jerry gave an update 5 months ago in which he
Post# of 2009
Quote:
Thank you JOECROWE789 for your Post #1 above.
We have replicated your post below:
Good Afternoon Jerry,
I hope this post finds you well enjoying the remainder of the weekend.
Realizing that, while no assumptions of success and profitability of any transactions can ever be made, would you be able to provide a table detailing the various commodity transactions that XNRG is currently considering or have already engaged in to some degree?
Regardless of the stage of negotiations, I, as well as other shareholders, do appreciate any additional Physical Commodity Trading Details presented in a tabled format as it does represent a joint opportunity for all to focus on in a positive manner.
While there is no certainty of XNRG Completing any Commodity Contract, a greater chance of success exists with the increased volume of potential deals with reputable and reliable commodity suppliers, Financiers, and Buyers.
Also, in a separate yet somewhat related matter of physical commodity trade success,the Idria Energy Site Link below does list Sayavah Mahvi as,
"Heading the company in The United Arab Emirates and is responsible for the development of the up coming new Iranian Market"
www.idriaenergy.c...ng-Chagrin-Falls-OH.html
Further to this, Pascal Mahvi's LinkedIn Summary does confirm that,
"We trade in Petro Products from Russia and Africa. Hopefully we will be able to deal in Iranian Products very soon."
https://www.linkedin.com/in/pascal-mahvi-0705bab
Given the challenges of sourcing and selling Nigerian Crude Oil, are there any current discussions or details that you can provide regarding Petroleum Based Physical Commodity Trade Potential in either Russia or Iran?
Again Jerry, I hope you and the rest of the XNRG Executive Teams are doing well,
Thanks You for taking the time and effort to keep us informed.
JOECROWE789-BJBV
Question #1: Realizing that, while no assumptions of success and profitability of any transactions can ever be made, would you be able to provide a table detailing the various commodity transactions that XNRG is currently considering or have already engaged in to some degree?
Response to Question #1: There are several orders in play. These orders are broken down into two categories, (a) reselling products after purchase and (b) facilitating either the purchase or the sale of products. Due to confidentiality agreements with the parties, the Company is restricted from disclosing the parties or the pricing of the orders. The orders are in various stages of closing and depending on shipping distances and times or location of product, a closing could happen quickly or could take over 30 days from the Proof Of Financing (POF).
DISCLAIMER: THESE ORDERS ARE FLUID IN NATURE AND HAVE MANY VARIABLES THAT MAY REQUIRE REWORKING DURING THE PERIOD OF NEGOTIATION IN OR TO REACH A MUTUALLY BENEFICIAL TRANSACTION. ANY DISRUPTION IN THE PROCESS MAY CAUSE THE ORDER TO BE DELAYED OR CANCELLED, AS WE HAVE ENCOUNTERED NUMEROUS TIMES SINCE THE BOARD ACTUATED XOM. A TYPICAL ORDER FROM START TO CLOSE MAY TAKE FROM A COUPLE OF WEEKS TO SEVERAL WEEKS FOR A SUCCESSFUL CLOSE. EACH ORDER WHERE A BUYER OR SELLER IS NEW TO XOM MAY REQUIRE MANY HOURS TO BE CONSUMED IN DUE DILIGENCE, AS DUE DILIGENCE INVOLVES INTERNATIONAL COMMUNICATIONS, TRANSLATIONS, AND VETTING OF MANY DOCUMENTS. ONCE PARTIES TO AN ORDER REACH A PRELIMINARY CONSENSUS, MANY MORE HOURS ARE NEEDED TO DRAFT AND CIRCULATE DOCUMENTS BEFORE FINAL AGREEMENTS ARE READY FOR SIGNATORY AND NOTARIZATION.
Below are transactions that XOM have in process as of April 17, 2016:
Question #2: Given the challenges of sourcing and selling Nigerian Crude Oil, are there any current discussions or details that you can provide regarding Petroleum Based Physical Commodity Trade Potential in either Russia or Iran?
Response to Question #2: We are not in any discussions with Russia or Iran at the current time. Our resources are limited and we are staying focused on the transactions we have on hand.
Your post made reference to Idria Energy. We at this current time do not have any physical commodity transactions in play that involves Idria Energy.
THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL CLOSE ON ANY PHYSICAL COMMODITY TRADE. EVEN IF THE COMPANY WAS SUCCESSFUL IN CLOSING ON A PHYSICAL COMMODITY TRADE, THERE CAN BE NO ASSURANCE THAT THE PHYSICAL COMMODITY TRADE 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 support and faith in the Company and its management.
Respectfully,
XUN ENERGY, INC.
Jerry G. Mikolajczyk
President and CEO
Safe Harbor
The statements contained in this post may not be historical fact, are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements contained herein are based on current expectations that involve a number of risks and uncertainties. These statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” "projects" or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The Company wishes to caution the reader that its forward-looking statements that are historical facts are only predictions. No assurances can be given that the future results indicated, whether expressed or implied, will be achieved. While sometimes presented with numerical specificity, these projections and other forward-looking statements are based upon a variety of assumptions relating to the business of the Company, which, although considered reasonable by the Company, may not be realized. Because of the number and range of assumptions underlying the Company’s forward-looking statements, many of which are subject to significant uncertainties and contingencies that are beyond the reasonable control of the Company, some of the assumptions inevitably will not materialize, and unanticipated events and circumstances may occur subsequent to the date of this report. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. Therefore, the actual experience of the Company and the results achieved during the period covered by any particular forward-looking statements may differ substantially from those projected. Consequently, the inclusion of forward-looking statements should not be regarded as a representation by the Company or any other person that these estimates and projections will be realized. The Company’s actual results may vary materially. There can be no assurance that any of these expectations will be realized or that any of the forward-looking statements contained herein will prove to be accurate. There is no guarantee that the Company will close on the financing or close on the acquisition of the producing oil and gas leases.