Archive for category: News

LAS VEGAS, NV–(Marketwired – April 27, 2017) – Vivakor Inc. (OTC PINK: VIVK) is pleased to announce that the company will be presenting at the Energy Development Summit being held May 3-4, 2017 at Grand America Hotel in Salt Lake City, UT.

Matt Nicosia, Chairman and CEO, will be participating in a morning panel discussion on Capitalizing Energy Financing Strategies. Presentations will be conducted by noted figures in politics like the Gov. Gary Herbert (UT) and Matt Mead (WY), along with the Ambassador to Mexico Geronimo Gutierrez who will be part of a panel discussing Advancing Strategic Partnerships. In addition, such leaders in the energy space like Jack Gerard, Pres/CEO of the American Petroleum Institute (API) will also be speaking amongst many others. Two full days of presentations and breakout sessions by the leaders in the Energy Sector in Utah. Thousands of attendees from around the world

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LAS VEGAS, NV–(Marketwired – March 14, 2017) – Vivakor Inc. (OTC PINK: VIVK) announced today that it has entered a Letter of Intent (LOI) to acquire Oil Sands property in Vernal, UT that contains an estimated 44 million barrels of oil.

Vivakor would acquire, directly or through one or more wholly-owned subsidiaries, all right, title and interest in and to the assets of the Seller in Vernal, Utah. A due diligence period will ensue enabling the interested parties to establish the viability of the transaction.

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LAS VEGAS, NV–(Marketwired – December 5, 2016) – Vivakor Inc. (OTC PINK: VIVK) announced GAAP based financial results for the quarter ended September 30, 2016.

Company financials are filed quarterly with OTC Markets and all filings are available on the OTC Markets web page. Some key year-over-year figures are the 27% increase in total assets, 34% increase in precious metals concentrate, 130% increase in revenues, and 61% increase in gross profit for the third quarter ending September 30th. Other important business activities are as follows:

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LAS VEGAS, NV–(Marketwired – August 26, 2016) – Vivakor Inc. (OTC PINK: VIVK) announced today that it is now officially operating its proprietary oil extraction technology and producing oil in Vernal, Utah. The Company had been previously testing its distinctive oil production process from the oil sands in Eastern Utah.

Vivakor an asset acquisition company focused on Natural Resources, specifically Energy related projects across the globe, today has announced that its patent pending, oil extraction technology and methodology is now operating. Vivakor offers investors a unique opportunity to invest in a very attractive royalty program that is based on production volume and the prevailing price of oil. The Company has stated that Investors will be receiving the first of their royalty program checks in September 2016.

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TORONTO, ON–(Marketwired – Jun 2, 2016) – MCW Energy Group Limited (“MCW“), (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company specializing in the development and commercial implementation of oil sands technologies, through MCW Oil Sands Recovery, LLC, (“MCW Oil Sands”) today announced its plans to resume revenue-generating oil production in June of 2016.

MCW’s Chairman, Aleksandr Blyumkin, commented on recent developments with regards to progress being made at its oil sands extraction plant in the Asphalt Ridge area of Maeser, Utah. Several factors, including improving world oil prices gradually closing in on the $50.00 bbl benchmark and confirmation of MCW’s efficient production costs have combined to substantiate the decision by MCW’s team to move forward on ramping up production at its lease site in Utah in order to resume generating positive production income.

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