NEW YORK, NY--(Marketwired - Jan 24, 2017) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announce it received a tribute from the Senate of the State of Kansas recognizing the company for its economic initiative and investment in Eastern Kansas oil & gas acquisition and development. The commendation was received from offices of Senator Rob Olson and the Secretary of the Senate, Corey Carnahan.
"We are very grateful to Senator Olson and Secretary Carnahan for recognizing our efforts, in particular during the early stages of our growth plan, and we are committed to investing a lot more in the Kansas oil industry in 2017 and beyond," said Viking's C.E.O. James Doris, in response to the Senate's acknowledgement of Viking's investment in 2016.
Viking is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties, primarily in the Mid-Continent States. The company's interests in oil and gas leases in Kansas and Missouri cover over 6,000 acres of property and offer the potential for several future drilling locations. The majority of existing production in the area comes from the Squirrel sandstone (750 - 900 FT) within the Cherokee formation. These wells have demonstrated the ability to produce for 20 - 30 years. Viking targets under-valued assets with realistic appreciation potential and a defined exit strategy.
Viking is not an investment company, as defined by the Investment Company Act of 1940.
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