News

Vivakor Launches Exploration Division to Acquire Interest in Producing Wells

LAS VEGAS, NV–(Marketwired – August 17, 2017) – Vivakor Inc. (OTC PINK: VIVK) announces that the company has created a division for developing and acquiring fractional ownership interest in producing oil wells within the United States. VivaVentures Exploration will acquire working interest in near term operating wells focused in certain areas of the Western States to start and then expand such acquisitions as management deems advantageous. Such fractional ownership will extend across multiple wells enabling diversification of the investment. Additionally, the VivaVentures Exploration division will be procuring shallow wells that other Vivakor technologies may be applied to increase well productivity significantly.

CEO Matt Nicosia stated, “The creation of this exploration division enables the company to procure natural resource assets that are diverse of our existing operations. When our technologies are applied to such resources it can result in a tremendous increase in the value of our assets. This new division will focus on asset acquisition to further enhance our balance sheet while creating great opportunities for better utilization of the Company’s technologies. Vivakor’s focus is on continually increasing asset value through its exclusive metals and hydrocarbon extraction technologies.”

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Vivakor to Present at the Annual Energy Development Summit 2017 in Salt Lake City

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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Positive Annual Financial Results for Vivakor

LAS VEGAS, NV–(Marketwired – April 21, 2017) – Vivakor Inc. (OTC PINK: VIVK) announced GAAP based financial results for the quarter ended December 31, 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 26% increase in total assets, 135% increase in revenues, and shareholder equity was up for the fourth quarter ending December 31st.

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Vivakor Signs LOI for Oil Sands Property in Utah

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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Vivakor Enters Contract in Saudi Arabia

LAS VEGAS, NV–(Marketwired – January 25, 2017) – Vivakor Inc. (OTC PINK: VIVK) announced today that its VivaRRT Joint Venture has formally entered in to agreement with KEW a Saudi Aramco approved oil disposal site, for remediation and reclamation services. The Company believes this will be the first of many contracts to come to VivaRRT in the coming years in the Middle East Region.

Saudi Arabia through Saudi Aramco, the country’s oil company, produces 10M (Million) barrels of oil per day, and through the course of their daily operations inadvertently spills oil. The scale of their nationwide operations is so vast that even small, recurring spills results in sizable accumulation. Aramco has designated oil waste disposal sites within the country and VIVARRT will actively work on a continual basis directly on the cleanup. This project is slated to begin in early Spring 2017.

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