Actionable insights straight to your inbox

Equities logo

Viking Energy Announces $36 Million Increase in Value of Oil & Gas Properties in 2017

Viking Energy Group, Inc. (OTCQB: VKIN) is pleased to announce a net comprehensive income for the year ended December 31, 2017 of approximately $17.8 million

Viking Energy Group, Inc. (OTCQB: VKIN) is pleased to announce a net comprehensive income for the year ended December 31, 2017 of approximately $17.8 million, coupled with an increase in the value of its oil and gas properties of approximately $36.2 million over the prior year, as outlined in the company’s annual report on form 10-K/A for the 2017 calendar year.

This significant increase in asset value is attributed to the six acquisitions completed by the company from September, 2017 through December 31, 2017, including a bargain purchase gain of approximately $27 million relative to Viking’s strategic acquisition of Petrodome Energy, LLC on December 22, 2017 ( and its acquisition of 40 new oil leases in Kansas on December 29, 2017 (

James A. Doris, Viking’s President & CEO, noted, “Our acquisition strategy in the latter part of 2017 has served us well in terms of not only increasing immediate oil & gas production but also with facilitating future growth as there are enhancement methods we can implement to improve production from existing wells, and the majority of our properties have several in-field drillable locations.”

About Viking:

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, Texas, Louisiana, Mississippi and Alberta. Viking targets under-valued assets with realistic appreciation potential.

In the interest of full disclosure, we call the reader’s attention to the fact that, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

Stories like Charlie Munger’s inspire me. It shows why you must live life as an optimist.