News

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.

Read more

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.

Read more

Vivakor Appoints New Member to Advisory Board

LAS VEGAS, NV–(Marketwired – January 22, 2016) – Vivakor Inc. (OTC PINK: VIVK) appointed today a new advisor to its VivaVentures Energy Group (VVEG) subsidiary.

Vivakor, an asset acquisition company focused on Natural Resources, specifically Precious Metals and Energy related projects across the globe, today announced the appointment of Joe Munsey to its Advisory Board effective January 1, 2016.

Joseph D. Munsey, RPL, is a Register Professional Landman, having over 30 years of experience with a diverse land background from office to field involving oil/gas, rights of way and geothermal. Prior to joining Southern California Gas Company, he consulted to various independent Exploration & Production (E&P) and pipeline companies, including Hunt Oil Company, CNG [now Dominion Resources], ExxonMobil, Ormat, Inc., Shell Pipeline, Air Products and several public utilities.

Read more

Vivakor, Inc. Registers New Office in Middle East

IRVINE, CA–(Marketwired – November 19, 2015) – Vivakor Inc. (OTC PINK: VIVK) announced today it has registered and opened a new office location in Doha, Qatar in the Middle East.

The registration of Vivakor-Middle East in Qatar enables Vivakor to serve clients in the Gulf Coast Countries (GCC) that can take advantage of Vivakor’s proprietary oil remediation and reclamation technology.

Read more

10th Consecutive Quarter of Positive Results for Fast Moving Vivakor, Inc.

IRVINE, CA–(Marketwired – November 16, 2015) – Vivakor Inc. (OTC PINK: VIVK) announced GAAP based financial results for the quarter ended September 30, 2015.

Q3 2015 Highlights:

  • Acquired a very respectable 120 acre footprint in Eastern Utah in support of oil sands extraction and business development in the quarter ended September 30, 2015
  • Continued driving toward the finalization of our flagship eco-friendly mobile oil extraction unit (250 barrel capacity per day per unit)
  • Shareholder Equity increased to $24.02M for the quarter ended September 30, 2015. This represents a 207% increase from one year ago
  • Total Assets increased to $24.71M for the quarter ended September 30, 2015. Total assets have increased 159% from one year ago

Read more