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Xfuels Announces Milestone LOI to Acquire Triple S Gas of Dallas, Texas

  Breckenridge, Texas, April 27, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC Pink: XFLS) announces it has executed a LOI with Triple S gas of Dallas, Texas in an all-cash deal for consisting of 7 leases, 54 wells and 6 oil batteries in Wichita and Wilbarger counties.   Cycle will pay $320,000 (Three Hundred and Twenty Thousand) dollars plus a 2.5 %...

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Xfuels Confirms Relocation to the State of Texas

  Calgary, Alberta, March 23, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC Pink: XFLS) announced that it has relocated from Alberta, Canada to Texas. The move is intended to help the company expand within the United States. Xfuels also clarified that any new LOI for the purchase of Jubilee Exploration in the United States will be entered under new terms. ABOUT XFUELS  Xfuels Inc. (OTC Pink: XFLS) is a diversified energy company based in Texas. It operates three vertically integrated...

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Xfuels Announces Completion of Due Diligence for Previously Contemplated Jubilee Exploration Acquisition

  Calgary, Alberta, March 22, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC Pink: XFLS) has decided to forego the acquisition of Jubilee Exploration, LLC after being unable to verify certain property title records related to both operating and non-operating wells.  Jubilee is a middle-market oil and gas producer that currently controls 516 wells across 10 counties in North East Oklahoma and South East Kansas. ”We are thankful for the efforts of our due diligence team and expect that...

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Xfuels Announces Completion of Audit of Historical Financial Statements Along with Filing on SEDAR

Calgary, Alberta, Feb. 15, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC Pink: XFLS) announces the completion of an external accounting audit of its 2019 and 2020 financial statements. The finalization of this audit lays a foundation for Xfuels to once again have its common shares freely traded in Canada, and for Xfuels to qualify to file as a fully reporting issuer with the United States Securities and Exchange Commission. Further, Xfuels now expects to qualify for listing on OTC Markets...

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Xfuels Enters Milestone LOI to Acquire 516 Oil and Gas Wells Across Oklahoma and Kansas

  Calgary, Alberta, Nov. 29, 2021 -- McapMediaWire -- Xfuels, Inc. (OTC PINK: XFLS) has entered a letter of intent to purchase 100% of the common stock of Jubilee Exploration, LLC, an oil and gas producer that currently controls 516 wells across 10 counties in North East Oklahoma and South East Kansas.  This will mark the largest acquisition in Xfuels’ history. Post-acquisition, Xfuels plans to focus on increasing oil and gas production from a core group of 142 Jubilee wells located in...

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Xfuels Renegotiates Convertible Debenture

  Calgary, Alberta, Nov. 22, 2021 -- McapMediaWire -- On October 12th, 2021, Xfuels Inc. (OTC Pink: XFLS) announced that CEO Mike McLaren has elected to convert his convertible promissory note of $1.3 million into 125 million shares of restricted common stock. After further consideration, Mr. McLaren has since elected to rescind that decision and renegotiate the convertible note to a fixed interested bearing secured instrument without a conversion option. This renegotiation of the note...

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