News

Vivakor Technology Collaboration in Oil Division

LAS VEGAS, NV–(Marketwired – October 19, 2016) – Vivakor Inc. (OTC PINK: VIVK) announced that its Energy Division has completed the Joint Technology Venture of its mobile oil extraction and remediation unit with Remediation & Recycling Technologies, Inc. (RRT) based in Irvine, CA.

The venture focuses on oil waste in the energy sector. Vivakor’s remedial and recycling technology division’s focus is on creating technologies that enable the transformation of waste into usable products; providing incredible economic and environmental benefit to its clients across the globe.

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Vivakor Oil Production Begins in Utah

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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Vivakor Successfully Tests Contaminated Soil From Large Middle Eastern National Oil Company Spill

LAS VEGAS, NV–(Marketwired – June 22, 2016) – Vivakor Inc. (OTC PINK: VIVK) announced today that it is has successfully applied its oil extraction technology in tests of contaminated soil from a large Middle Eastern national oil company spill.

Vivakor an asset acquisition company focused on Natural Resources, specifically Energy related projects across the globe, today has announced that its proprietary, oil extraction technology and methodology was utilized effectively in a multi-sample test. Test samples included a range from sludge to pure oil. This proven process for the Middle East will be utilized for clean-up operations. Remediation and reclamation is vital to day-to-day operations for oil companies across the globe.

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MCW Energy Group to Restart Its Utah Oil Sands Production in June 2016, and Generate Revenue at Sustainable Profit Levels

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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MCW Energy Group in Discussion With Vivakor Inc. to Manage MCW’S Utah Oil Sands Facilities & Ramp up Production

TORONTO, ON–(Marketwired – May 18, 2016) – MCW Energy Group Limited (“MCW”), (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in the development and implementation of oil sands technologies through MCW Oil Sands Recovery, LLC, (“MCW Oil Sands”), today announced that discussions are currently being held to explore the possibilities of an association with Vivakor Inc., (OTC PINK: VIVK), (“Vivakor”), a Las Vegas-based company involved in environmentally-friendly, high-value natural resources extraction technologies.

The objective of these discussions is to structure a management services agreement between the two companies with the premise of Vivakor managing MCW’s extraction plant in Maeser, Utah, as well as deploying Vivakor’s 250 bbl/day mobile oil sands extraction plant. Discussions between the two companies is ongoing as to a timeframe for the installation of Vivakor’s portable unit on MCW’s Asphalt Ridge lease site and the ramp-up schedule of production.

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