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XFuels

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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Xfuels Announces Strategic Move to Capitalize on $1 Trillion Infrastructure Bill Currently Being Negotiated by Congress

  Calgary, Alberta, Oct. 18, 2021 -- McapMediaWire -- Xfuels, Inc. (OTC Pink: XFLS) has begun to deploy its talent and resources in the state of Texas to assist in plugging and reclaiming hundreds of thousands of abandoned, environmentally hazardous oil wells. Through its recently-formed U.S. subsidiary, Cycle Energy Services, Inc., the company has chosen to bring its expertise in oil well reclamation to the United States at a strategically calculated moment in time, when changing...

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Xfuels Announces Elimination of $1,468,638 in Derivative Liability

Calgary, Alberta, Oct. 12, 2021 -- McapMediaWire -- XFuels, Inc. (OTC Pink: XFLS) CEO Mike McLaren has elected to convert his convertible promissory note of $1.3 million into 125 million shares of restricted common stock. This conversion will eliminate $1,468,638 of derivative liability from Xfuels’ balance sheet and enable the company to reinvest a greater percentage of its capital into future growth, as opposed to meeting ongoing debt service obligations. McLaren stated, “I am fully...

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Xfuels Announces Entry into Texas Oil & Gas Market

Calgary, Alberta, Oct. 05, 2021 -- McapMediaWire -- Today, Xfuels Inc. (OTC Pink: XFLS), a Calgary-based energy company, announces its entry into the Texas energy market with the formation of a new Texas subsidiary, Cycle Oil and Gas Inc. The first objective of Xfuels’ new subsidiary will be to acquire Texas-based oil and gas assets. Some of those assets include operations that have serviced some of the largest energy companies in the United States, including Shell Oil, PetroHawk Energy, and...

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Xfuels Inc. Signs Supply and Offtake Agreement for Biodiesel Plant

  Calgary, Alberta, August 16, 2021 - MCapMediaWire - Xfuels Inc.  (OTC PINK: XFLS) is pleased to report that the company has signed an oilseed supply and biodiesel off-take agreement with an Indigenous-owned company  Infinity  Petroleum Energy Resources Inc. The company will purchase from  Infinity  Energy oilseed for its biodiesel production as wells as Infinity Energy will market Xfuels biodiesel product. Mr. Michael McLaren states, "Infinity Energy had previously negotiated long- term...

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Xfuels Inc. to produce Biodiesel at Bieseker plant

  Calgary, Alberta, August 3, 2021 - McapMediaWire - Xfuels Inc. (OTC Pink: XFLS) is pleased to report the company will begin to produce biodiesel (B100) at its Bieseker plant.     The company will purchase and install a continuous biodiesel production system capable of processing 50 barrels per hour, with the ability to expand the unit to 100 barrels per hour. Mr. Michael McLaren states, “With access to our own power production as well as an abundance of oilseed and methanol in...

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Xfuels Inc. Shareholder Update July 2021

  Calgary, Alberta, July 08, 2021 - McapMediaWire - Xfuels Inc.  (OTC PINK: XFLS) is pleased to report the following Shareholder update. Corporate Matters  On June 25th, 2021, the company upgraded its status to Pink Current on OTC Markets by filing its outstanding disclosures, Phase 1 of our corporate plan is now completed.   The company has started Phase 2 of our corporate plan which will include audited financials and applying for OTCQB status under OTC Markets Alternative Reporting...

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Xfuels Inc. subsidiary Cycle Energy Services purchases Drilling Rig – Xfuels to begin new drilling programs

Calgary, Alberta, May 12, 2021 - - Xfuels Inc. (OTC Pink: XFLS) is pleased to report that its wholly owned subsidiary Cycle Energy Services Inc. has purchased a drilling rig.     The rig, a Failing 3500 Telescopic Double which is capable of drilling both vertical and horizontal wells up to 3200 meters approximately 10,000 Feet will be the centerpiece of Cycle Energy Services fleet.  The rig is in tremendous shape, has very low hours and has drilled approximately 50 wells prior to...

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Xfuels Inc. Signs Letter of Intent to Purchase Incinerator Plant

  Plant to be converted into Waste/Biomass to Combined Heat and Power Facility   Calgary, Alberta, CANADA, April 22, 2021 - - Xfuels Inc.  (OTC Pink: XFLS) is pleased to report that it has entered a letter of intent to purchase an incinerator plant and will be converting the plant into a Waste/Biomass to Combined Heat and Power solution. The plant located in Bieseker, Alberta is currently set up as a medical waste incinerator. Cycle will utilize both in house and licensed...

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Xfuels Inc. Shareholder Update April 2021

Calgary, Alberta, Canada, April 20, 2021 -- Xfuels Inc. (OTC Pink: XFLS) is pleased to report the following Shareholder update: Xfuels has retained ValueDrivenCFO, https://valuedrivencfo.com/ and BF Borgers, http://www.bfbcpa.us/ to bring the company current on OTC markets as well as audit the books of the company for the years 2019-2020.  Once the books of the company are audited for the years 2019-2020, Xfuels will file the appropriate application to OTC markets to up list onto OTCQB. About...

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Xfuels Inc. Shareholder Update

Calgary, Alberta, Canada, February 17, 2021 -- -- Xfuels Inc.  (OTC PINK: XFLS) is pleased to report the following shareholder update. 2020 In Retrospect Well, I would guess that it is safe to say 2020 did not go as planed however the year is behind us and although slower than anticipated we continued to grow.  We anticipate 2021 being a defining year for the company with steady growth and working to meet our objectives. Acquisitions On June 8th, 2020 Xfuels announced it has purchased the...

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