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XXL Energy Corp V.XL

Alternate Symbol(s):  XLEFF

XXL Energy Corp. is an independent oil and gas exploration and development company focused on the Greater Green River Basin of Wyoming, the Piceance Basin of Colorado, and Pinedale Field of Wyoming. In the Green River Basin, Wyoming, the Company owns working interests in about six natural gas wells and five royalty interest wells, including the Jade 10-11 in which the Company owns a working interest with the corresponding net revenue interest as well as a separate overriding royalty interest (ORRI) in the well. Its existing leasehold in Wyoming totals approximately 5,757 net acres. In the Piceance Basin, the Company owns working interests in about four producing natural gas wells and four non-producing wells. Its activities are limited to its developed acreage totaling 320 acres. The Company holds oil and gas leases covering approximately 1,840 acres located in the Warbonnet area of Pinedale Field, Sublette County, Wyoming.


TSXV:XL - Post by User

Bullboard Posts
Post by rosesny_1on Sep 16, 2009 3:40pm
619 Views
Post# 16311869

Q Investments

Q InvestmentsI did a little more research on this. In Q Investments (T. QI) latest MD&A, John Hislop is called "Director, Chairman, and major shareholder" of the corporation. This corporation is where the money is that can and probably will save XLL Energy (assuming Delta Gray well is a big success). QI owns 1,122,270 shares of XXL Energy and so is the largest shareholder with John Hislop in second place. This is the company that was going to loan XL 7.5 million in August 08 but backed out because of market conditions. When market conditions improve sufficiently the loan money should again be available. The original loan was to be $1.5C million in cash plus $6C million in the stock of Bucking Hourse Energy (T.BUC). QI owns 3,385,600 shares of BUC which today is at $3/share. BUC has interests in the Pinedale Anticline in SW Wyoming where Ultra Petroleum (UPL) is the main operator. This is one of the most economic gas plays in the US so BUC has potential for real income once NG prices rise to $5 or so.  
Bullboard Posts