News

Vivakor Acquires Next Generation Technology for Oil Extraction in a $10M Transaction

IRVINE, CA–(Marketwired – February 05, 2015) – Vivakor Inc. (OTC PINK: VIVK) announced it has acquired a new, proprietary technology in a $10M transaction for intellectual property that extracts oil and hydrocarbons in a socially responsible, environmentally friendly manner from oil sands.

In addition to its next-generation disruptive precious metal extraction technology that has been operating successfully for the past two (2) years, Vivakor has substantiated through extensive lab testing the viability of this new technology and has thus added another major advantage to its portfolio with the ability to extract high demand natural resources for oil and hydrocarbons in the US in a clean, eco-friendly manner.

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Vivakor Signs MOU for Oil Extraction Technology

IRVINE, CA–(Marketwired – January 28, 2015) – Vivakor Inc. (VIVK) (PINKSHEETS: VIVK) announced it has signed a Memorandum of Understanding (MOU) with Sustainable Fuels Inc. for acquisition of its Intellectual Property which extracts oil and hydrocarbons from oil sands.

In August 2014 Vivakor declared it is increasing its activities in the area of rich, high demand natural resources. The Company expressed that in addition to its next-generation, disruptive precious metals extraction technology, Vivakor has substantiated through their lab testing another major technological advantage in extracting high demand natural resources for oil and gas.

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