Viking More Than Doubles Daily Oil & Gas Production With Recent Acquisition
VIKING ENERGY GROUP INC (VKIN)
NASDAQ:AMEX Investor Relations:
vikingenergygroup.com
Company Research
Source: GlobeNewswire
HOUSTON, TX, Feb. 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN) is pleased to announce that it has more than doubled its daily oil and gas production (on a barrel of oil equivalent basis), and increased its overall proven oil and gas reserves in connection with its recent acquisition. Details of the transaction were referenced in Viking’s Current Report on Form 8-K filed on February 6, 2020 with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.vikingenergygroup.com, and in the press release issued by Viking on February 4, 2020. Features of the assets acquired by Elysium Energy, LLC, a majority owned subsidiary of Viking, include the following: Working interests and over-riding royalty interests in multiple oil and gas fields. Current production is approx. 3,200 (net) BOEPD (40% oil).Conventional oil and gas wells.Approx. 72 active wells in Texas and 55 active wells in Louis
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