Xtreme Oil & Gas Completes Funding to Fuel Growth

September 27, 2011 09:15 ET

 

Xtreme Oil & Gas Completes Funding to Fuel Growth

 

PLANO, TX–(Marketwire - Sep 27, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) announced today that it has entered into subscription agreements with investors to sell an additional $435,000 of convertible securities for aggregate gross proceeds in the offering, together with the subscriptions announced on September 9, 2011, of $2,260,000, before deducting placement agent fees and other offering expenses payable by the Company. The offering is now closed. Details of the offering may be viewed in the Company’s Form-8K filings with the SEC. Du Pasquier & Co. acted as placement agent for the offering.

 

Willard G. McAndrew III, CEO of Xtreme, commented, “By including additional high net-worth investors, some of whom are already investors in the Company, we have closed this round of funding. Xtreme used du Pasquier & Co. as our investment banker and welcomes our newest institutional investors. We have already begun to put the proceeds to work in Kansas, Texas and Oklahoma to advance our business model.”

 

Ariel Imas, Managing Director at du Pasquier, added, “With the successful closing of this financing we expect Xtreme to execute on their plan for growth. Even considering today’s turbulent market environment, we are pleased that Xtreme was successful in attracting institutional investors.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact Information

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Xtreme Oil & Gas Announces Robinson Well Results

September 20, 2011 09:15 ET

 

Xtreme Oil & Gas Announces Robinson Well Results

 

PLANO, TX–(Marketwire - Sep 20, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) announced today that the Robinson well in Oklahoma achieved initial production of over 300 barrels of oil and 850,000 cubic feet of gas per day. Current regular production has settled in at approximately 200 barrels of oil and 1,000,000 cubic feet of gas per day. While Xtreme’s interest in this well is small, the technology and methods successfully used to achieve these results have now been validated. The Company’s partners have spent $22 Million on six other wells in the area perfecting the science with similar production results.

 

Willard G. McAndrew III, CEO of Xtreme, commented, “The Robinson results verified our horizontal drilling and completion procedures. We intend to use the same methods on our Kansas properties where the oil formations should be even more responsive to these processes.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact Information

Contact:

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Xtreme Oil & Gas Receives Second Letter of Intent for 5,000 Barrels/Day of Saltwater Disposal

September 13, 2011 09:15 ET

 

Xtreme Oil & Gas Receives Second Letter of Intent for 5,000 Barrels/Day of Saltwater Disposal

 

PLANO, TX–(Marketwire - Sep 13, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) announced today that the Company has received a second Letter of Intent from Southern Wellhead Services to dispose of 5,000 barrels per day of saltwater in Xtreme’s Oklahoma commercial disposal well. Southern has been actively providing oilfield services in central Oklahoma for 30 years.

 

With the additional disposal request, Xtreme now expects this well to generate over $7 Million in top-line operating revenue to all investors in the project. This well has already been drilled and completed to 6,500 feet and the Company is taking the final steps to put this project into full operation. The Company expects disposal operations to commence and revenue to begin in the fourth quarter of this year.

 

Willard G. McAndrew III, CEO of Xtreme, commented, “We are delighted that Southern Wellhead wants to partner with Xtreme. Their 5,000 barrels per day along with AMEREX’s 10,000 barrels per day brings this saltwater disposal well to a daily capacity of 15,000 barrels per day. Southern expects our well location to reduce their costs and allow them to generate additional revenue from increased daily pickups. Partnering with the water haulers allows Xtreme to remain focused on the disposal operations.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact Information

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Xtreme Oil & Gas Announces New Funding to Fuel Growth

September 09, 2011 09:28 ET

 

Xtreme Oil & Gas Announces New Funding to Fuel Growth

 

PLANO, TX–(Marketwire - Sep 9, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) announced today that it entered into subscription agreements with investors to sell convertible securities for aggregate gross proceeds of $1,825,000, before deducting placement agent fees and other offering expenses payable by the Company. Details of the offering may be viewed in the company’s recent Form-8K filing with the SEC. Du Pasquier & Co. acted as placement agent for the offering.

 

Willard G. McAndrew III, CEO of Xtreme, commented, “By signing du Pasquier & Co. as our investment bankers and attracting institutional investors, Xtreme has taken the next step in its growth and business model. These investments provide us the capital we intend to use to advance production in Texas, drill in Kansas and expand saltwater well capacity in Oklahoma.”

 

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

 

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

 

Contact Information

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com