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Viking Investments Group, Inc. Announces Agreements

SEVERNA PARK, MD--(Marketwired - Apr 7, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announced it has signed two agreements with an investment banking firm based in New York City (the "IBF"), an Advisory Agreement and a Placement Agent Agreement. The IBF is a member in good standing of the Financial Industry Regulatory Authority.

Pursuant to the Advisory Agreement, the IBF will provide, among other things, advice and consultation regarding the strategic direction and financial objectives of Viking, including with respect to acquisitions and other transactions presently being considered by Viking. Pursuant to the Placement Agent Agreement, the IBF will assist Viking on a best efforts basis with raising capital, both debt and equity, to facilitate the completion of suitable transactions as determined by Viking's management.

As indicated in its transition announcement on February 28, 2014, Viking provides professional advisory and consulting services to established companies in the United States and Canada with superior management and positive cash flow, but in need of specific expertise to advance their particular business plan.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

Viking will file an 8-K with respect to the foregoing in compliance with SEC regulations.

Safe Harbor Statement 
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

 

CONTACT INFORMATION
For additional information please contact:

Viking Investments Group, Inc.
1330 Avenue of the Americas, Suite 23A
New York, NY 10019
Email: IR@vikinginvestments.com
Website: www.vikinginvestments.com (will be updated accordingly)

SOURCE: Viking Investments Group, Inc.

March 25, 2014 08:21 ET

Viking Investments Group, Inc. Announces Agreement

 SEVERNA PARK, MD--(Marketwired - Mar 25, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announced it has entered into an agreement with Tanager Energy Inc. ("Tanager") (TSX Venture Exchange, Canada: TAN) pursuant to which Viking has been engaged to, among other things, assist Tanager with identifying and solidifying strategic alliances with reputable and mature oil and gas companies in Alberta, Canada, or acquiring existing revenue-producing assets from such companies. More about Tanager can be found at http://tanagerenergy.com/

Tanager recently entered into an agreement to purchase oil and gas assets in central Alberta producing an equivalent of 160 barrels oil per day (90% oil) for approximately $9,000,000, and to purchase a 100% interest in the Joffre D-3 Oil Unit No 1, which consists of 4 suspended oil wells and 1 water injection well. This unit previously produced over 6 million barrels of oil. Tanager plans to re-enter the suspended oil wells sequentially and place them back in production. The first well would be re-entered and placed in production within 30 days, and the next two wells within 3 months thereafter. An independent evaluation by AJM/Deloitte shows proved and probable reserves of 736,200 barrels of oil equivalent remaining worth $7,056,900 for the Unit, discounted at 10%.

Tanager projects it will produce 2000 barrels of oil per day by 2015. The new deal will immediately add 160 barrels of oil equivalent (90% oil) per day of production from 3 producing properties in an acreage package of over 2900 acres. Within these properties additional probable reserves are available for additional wells and production optimization to increase the daily production. Tanager's management continues to have discussions with other groups to add significant production and reserves.

Tanager activities concentrate on the acquisition, development and production of petroleum and natural gas. Currently, Tanager is focused on opportunities such as suspended wells, by-passed pay zones, enhanced oil recovery, with potential for further production with the appropriate technologies.

Viking, in its capacity as advisor to Tanager, will play a key role in structuring and finalizing qualified acquisitions and related financing transactions.

Viking, as advisor, intends to hold an equity position in Tanager, and participate in debt financings.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

As indicated in its transition announcement on February 28, 2014, Viking aims to provide professional advisory and consulting services to established companies in the United States and Canada with superior management and positive cash flow, but in need of specific expertise to advance their particular business plan.

Viking will file an 8-K with respect to the foregoing in compliance with SEC regulations.

Safe Harbor Statement  
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

Viking Investments Group, Inc. Announces change of control

SEVERNA PARK, MD--(Marketwired - Mar 12, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announced a Change of Control as a result of its transition to the North American market. As indicated in its transition announcement on February 28, 2014, Viking aims to provide professional advisory and consulting services to established companies in the United States and Canada with superior management and positive cash flow, but in need of specific expertise to advance their particular business plan.

Viking, in its capacity as a consultant, will also participate in debt and equity financing transactions in conjunction with certain investment banks in order to maximize shareholder value.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

The change of control of Viking will be effected pursuant to: (i) a share purchase agreement executed by Viking Investments LLC and MHR Investments LLC with respect to the purchase and sale of Viking's outstanding preferred shares; and (ii) other share purchase agreements between Viking Investments LLC and/or other shareholders, as sellers, and various, unaffiliated entities, as purchasers, with respect to the purchase and sale of Viking's common shares. It is expected the change of control will become effective at the end of March, 2014, provided certain conditions are satisfied.

The Change of Control will also involve a change in Viking's management, including at the Director and Officer level. All current members of Viking's Board of Directors will resign except for Tom Simeo, who will continue to serve as a Director to assist with transitional issues. As indicated in its transition announcement on February 28, 2014, Michael Heilman has already joined the company's Board of Directors. Mr. Heilman brings a wealth of experience to Viking from both the public and private sectors. Additional board members will be elected in the near future.

Viking's existing officers will resign as after the completion of the Change of Control and a new executive management team will be appointed by the Board of Directors.

Viking will file an 8-K with respect to the foregoing in compliance with SEC regulations.

Safe Harbor Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

Website: www.vikinginvestments.com (will be updated accordingly)
Website Email: IR@vikinginvestments.com

 

SOURCE: Viking Investments Group, Inc.

February 28, 2014 12:23 ET

Viking Investments Group, Inc. Announces Transition

SEVERNA PARK, MD--(Marketwired - Feb 28, 2014) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN today announced that it will transition its business focus to North America and announced the appointment of a new director to its Board of Directors to assist in this transition. 

After the transition, Viking's primary business is to provide professional advisory services, that could include investment services, to established companies located in the United States and Canada that have a strong management team and positive cash flow. 

Viking intends to transition its business focus to North America. This transition includes negotiating adequate funding to implement its long term business plan. More specific information on these topics will be forthcoming.

Viking has appointed Michael Heilman to its Board of Directors. Mr. Heilman has a wide range of executive, management and hands-on experience in both corporate (public) America and the private sector. He has experience, knowledge and understanding of all phases of business including sales, marketing, finance, technology and personnel. For the past ten years, Mr. Heilman has provided consulting services to mainly startup private companies in health care, media entertainment, financial services, LED lighting, document management, mining, investment immigration, and most recently heavy oil extraction. On the public side, his experience includes profitable acquisitions and sale of operating companies, restructuring company equity positions, establishing proper shareholder and investor relations, and implementing proper accounting controls to support audit requirements.

Safe Harbor Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.








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