IRVINE, CA–(Marketwired – March 13, 2015) – Vivakor Inc. (PINKSHEETS: VIVK) released results of third party lab testing of oil extracted from the Vernal, Utah oil sands.
The Company disclosed that the independent lab reports revealed that Vivakor’s oil extraction technology was able to effectively extract in a clean, environmentally pristine manner quality oil from the oil sand.
Vivakor also disclosed that they have validated, through these labs, the high quality composition of the oil they have successfully extracted. The tests show that Vivakor’s Oil product has an API (American Petroleum Institute) density level of approximately thirty five (~35 API) which is considered low density for grading crude oil and high quality. The sulfur content, which tested below a half of a percent, (< 0.5%) was very low and deemed a premium oil for refineries. This puts Vivakor oil on par with some of the best in the world.
Vivakor has been preparing to operate in the designated rich oil sands area in Uintah County and this provides Vivakor another major technological advantage in extracting high demand, high quality natural resources from the Utah Oil Sands. The Company has been extensively testing a clean, environmentally responsible and fully scalable operations model utilizing a proprietary oil extraction catalyst that is unique to the industry.
Vivakor’s intellectual properties are proprietary and proving industry disruptive with a low cost basis in their operations in the natural resource space. The Company focus is specifically in Precious metals extraction, and now with the oil extraction from the oil rich area of Utah, this provides Vivakor with a substantial capability going forward.
ABOUT VIVAKOR, INC.
Vivakor, Inc. (VIVK) is an Asset Acquisition company that develops and acquires resources that generate revenue currently or in the near term. The Company acquires technologies and assets primarily in the field of Natural Resources. Vivakor has several mineral assets that have great value and create cash flow and a long term, diverse revenue stream for the Company. Additionally, the Company has effectively acquired positions in other Green Energy companies. For more information please visit www.vivakor.com.
This press release may contain forward-looking statements, including, but not limited to, statements regarding Vivakor’s products and their related market potential. Forward-looking statements may be identified by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Vivakor undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
Vivakor Investor Relations