Carson City, Nevada, March 7, 2023 -- McapMediaWire -- Xfuels Inc. (OTC: XFLS) --Mr. Charles Iggulden reports on the February 22, 2023, Xfuels Inc. board meeting. The board discussed the settlement agreement with the ASC and as a result of the settlement agreement with the ASC, Mr. Michael McLaren CEO and Director tendered his resignation to the board and Mr. Charles Iggulden accepted Mr. McLarens resignation.  Mr.  Iggulden then motioned that Mr. Andreas Roussos be appointed as CEO and...

Electra, Texas, December 19, 2022 -- McapMediaWire -- Xfuels Inc. (OTC Pink: XFLS) is pleased to report that it has sold its interest in Cycle Oil & Gas Ltd.(Alberta) for the sum of One Million Five hundred thousand ($C1,500,000) dollars. The sale comes as part of the company’s plan as it divests its interests in Alberta. Xfuels announced its plans in a press release dated October 26th, 2022, that it would divest from its interest in Cycle Oil & Gas Ltd. (Alberta). The purchaser,...

  Electra, Texas, December 02, 2022 -- McapMediaWire -- Xfuels Inc. (OTC Pink: XFLS) is pleased to report that Cycle Oil & Gas began overseeing operations in their Wichita County field effectively on July 1st, 2022, through the purchase of leases & property from Triple “S” Gas & Ray Loveless Enterprises. Cycle Oil & Gas contracted OAG Consulting Inc. of Fort Wort, Texas to conduct due diligence prior to purchase & manage their Texas operations after the purchase and sale...

  Electra, Texas, November 18, 2022 -- McapMediaWire -- Xfuels Inc. (OTC Pink: XFLS)is pleased to report that Cycle Oil & Gas Inc. has hired an Independent Geologist, David Felton, to begin developing a drilling program on its 174-acre Hodges lease. The Hodges lease is located in Wichita County, Texas and sits atop the Mature K.M.A & Ellenberger reservoirs which have been drilled & produced since the 1930s. Through its Purchase of the Hodges lease in October 2022 from “Triple S...

Electra, Texas, October 26, 2022 -- McapMediaWire -- Xfuels Inc. (OTC Pink: XFLS) is pleased to report the following shareholder update. Corporate Developments At the end of Q3 Cycle Oil & Gas Inc. (Texas) was successful in closing two significant transactions Triple S Gas and Ray Loveless Enterprises adding them to Cycle’s group of operational assets. Cycle Oil & Gas Ltd. (Alberta) was also successful with its Canadian assets bringing on new production through workovers. Mr....

  Electra, Texas, October 6, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC: XFLS) announces Cycle Oil & Gas has closed its purchase of Ray Loveless Enterprises LLC & R.L. Gathering LLC (RL), of Allen, Texas in an all-cash deal consisting of 10 leases, 106 wells, 10 oil batteries, 3 Acre industrial yard & Shop, & Equipment in Wichita County, TX.  Cycle paid $250,000 (Two Hundred and Fifty Thousand) dollars plus a 2.5 % capped ORRI to $325,000 (Three Hundred Twenty-Five...

  Electra, Texas, September 29, 2022 -- McapMediaWire -- Today, Xfuels Inc. (OTC: XFLS) announces Cycle Oil & Gas has concluded its acquisition of 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 paid $320,000 (Three Hundred and Twenty Thousand) dollars plus a 2.5 % capped ORRI to $250,000 (Two Hundred and Fifty Thousand) dollars. Mr. Michael McLaren, CEO states, “This acquisition...

  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 %...