News

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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More Positive Financial Results for Vivakor

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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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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