Xun Energy, Inc. is a development stage company in the oil and gas industry. The company today announced that it has registered Xun Oil of Kentucky for the purpose of developing an oil and gas operating company through the direct acquisition of leases.
The company intends to drill for new oil and gas prospects as well as to refurbish and enhance existing producing and non-producing wells in Kentucky and surrounding areas. The president of Xun Energy, Michael Grubb, commented, “In conducting our due diligence, the company was encouraged by the data the research showed in Kentucky and the surrounding regions.”
Thanks to the data from Kentucky, Xun Energy decided to take an aggressive approach in the oil and gas industry versus a passive approach through a royalty program. The company understands that drilling and exploring for oil and gas has many risks. However, as the operator, Xun can control and better manage the risks and associated costs.
Xun Energy has retained the services of its president, Mr. Grubb, to manage the Xun Oil field operations. He has built a solid reputation with over 10 years of experience in the coal, oil and gas industry in Kentucky and Tennessee. For more information about Xun Energy, please visit the company’s website at www.xunenergy.com