Utah Trust Lands Board Approval Substantially Increases Vivakor Oil Sand Resources
LAS VEGAS, NV / ACCESSWIRE / March 25, 2019 / Vivakor, Inc. (OTC PINK: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, received approval from the Board of Trustees for the Utah School and Institutional Trust Lands Administration (SITLA) for a bituminous/Asphaltic sands mineral lease in a 1440 acre area of Eastern Utah known to have enormous heavy crude, bituminous sand deposits.
”We are pleased the SITLA Board unanimously approved this mineral lease, allowing us to work with the State organization in verifying the asset reserve and ultimately deploying our technology on this vast 1440 acre area. We have a great working relationship with them, successfully operating on their properties previously, demonstrating our commitment to the area and the viability of our technology. Our Remediation Processing Centers (RPCs) are the key to unlocking and finally monetizing the literal billions of barrels of heavy crude trapped within sands in Eastern Utah,” stated Vivakor Chief Executive Officer Matt Nicosia.