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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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