Viking Energy Group, Inc. (OTCQB: VKIN) is pleased to announce it has acquired additional working interests in various oil and gas-related leases in Eastern Kansas.
Acquisition of Additional Production and Development Acreage:
On September 11, 2017, Viking, through a wholly-owned subsidiary, Mid-Con Drilling, LLC, a Kansas limited liability company, acquired a 90% working interest in four new oil and gas leases in Anderson County in Eastern Kansas, comprising approximately 980 acres of property. The purchase includes an undivided interest in all oil and gas wells, equipment, fixtures and other personal property located upon the leased properties and used in connection with oil and gas operations upon the leases attributable to the working interests purchased by Viking, through Mid-Con. The leases produce oil from the Cherokee formation at a depth of approximately 850 feet, and offer the potential for several future drilling locations. Additional details about the acquisition are included in Viking's Current Report on Form 8-K filed today with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.v ikingenergygroup.com.
Viking is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in North America. The company owns oil and gas leases in Kansas, Missouri and Alberta. Viking targets under-valued assets with realistic appreciation potential.