News

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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Vivakor Technology Lands in the Middle East Region

LAS VEGAS, NV–(Marketwired – March 24, 2016) – Vivakor Inc. (OTC PINK: VIVK) announces today that it is applying its oil extraction technology to the Middle East.

Vivakor an asset acquisition company focused on Natural Resources, specifically Precious Metals and Energy related projects across the globe, today has announced that its proprietary, oil extraction technology and methodology can be utilized in the the Middle East for clean up operations. Remediation and reclamation is vital to day-to-day oil operations for many companies across the globe. Vivakor Middle East (VIVK-ME) with offices in Doha, Qatar led by Dr. Khalid Bin Jabor Al Thani and Garen Kolajian will spearhead business development activities in the Gulf Coast Countries (GCC) Region.

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Vivakor Appoints Dr. Khalid Bin Jabor Al Thani to Advisory Board

LAS VEGAS, NV–(Marketwired – March 17, 2016) – Vivakor Inc. (OTC PINK: VIVK) announces today that it has appointed a new advisor to Vivakor, Inc.

Vivakor, an asset acquisition company focused on Natural Resources, specifically Precious Metals and Energy related projects across the globe, today is pleased to announce the appointment of Dr. Khalid Bin Jabor Al Thani to its Advisory Board effective March 1, 2016. He is also a board member of VivaVentures Energy Group Middle East (VVEG-ME) with offices in Doha, Qatar. This partnership was consummated back in 2015.

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Vivakor Announces Common Stock Repurchase Plan

LAS VEGAS, NV–(Marketwired – March 02, 2016) – Vivakor Inc. (OTC PINK: VIVK) today announced that its Board of Directors has authorized a common stock repurchase plan.

The authorization permits management to repurchase the Company’s shares from time to time at management’s discretion based upon the best interest of the Company and its Shareholders. The plan authorizes Vivakor to begin its purchases immediately, yet the Company is not obligated to repurchase any particular number of shares. The Company also stated there is no fixed termination date for the repurchase plan.

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Vivakor Completes Buildout of Oil Extraction Machine

LAS VEGAS, NV–(Marketwired – February 29, 2016) – Vivakor Inc. (OTC PINK: VIVK) announced today that its Energy Division has completed the production of its mobile oil extraction and remediation unit at its R & D facility in Southern California.

The machine is capable of extracting oil from sand based environments very effectively and has successfully processed contaminated soil and sludge material as well. The mobile oil extraction unit is capable of processing 250 cubic yards (approximately 250 tons) of oil sands material on a daily basis. The amount of oil extracted per cubic yard or ton of material processed is roughly 1 barrel (bbl). VivaVentures Energy Group (VVEG), a wholly owned subsidiary of Vivakor, Inc has been testing these capabilities since mid-2014.

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