LAS VEGAS, NV–(Marketwired – August 17, 2017) – Vivakor Inc. (OTC PINK: VIVK) announces that the company has created a division for developing and acquiring fractional ownership interest in producing oil wells within the United States. VivaVentures Exploration will acquire working interest in near term operating wells focused in certain areas of the Western States to start and then expand such acquisitions as management deems advantageous. Such fractional ownership will extend across multiple wells enabling diversification of the investment. Additionally, the VivaVentures Exploration division will be procuring shallow wells that other Vivakor technologies may be applied to increase well productivity significantly.
CEO Matt Nicosia stated, “The creation of this exploration division enables the company to procure natural resource assets that are diverse of our existing operations. When our technologies are applied to such resources it can result in a tremendous increase in the value of our assets. This new division will focus on asset acquisition to further enhance our balance sheet while creating great opportunities for better utilization of the Company’s technologies. Vivakor’s focus is on continually increasing asset value through its exclusive metals and hydrocarbon extraction technologies.”
Vivakor, Inc. procures and develops revenue producing assets around the world. These holdings include intellectual properties that are proprietary and largely disruptive while centered principally in the natural resources sector. Vivakor is essentially an asset acquisition company focused specifically on energy related projects across the globe, its patented, oil extraction technology and methodology operates in a production capacity in Utah. Unique to the Company is a mobile rapid deployment, global capability for remediation and reclamation of contaminated soil created generally due to oil. The Company also utilizes a thermal technology for extraction of metals from sand-based ore in the Southwest US. Since 2013, the Company has effectively captured non-visible precious metals and rare earth minerals through its proprietary technology and method for processing the ore.
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