(Update) PTI, but VKIN just announced news to the market
Published: Tue, 02/14/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Good morning again, Sorry for the interruption, but I just noticed VKIN released some major news to the market. They've announced an LOI to increase their oil production in a prolific oil lease in Eastern Kansas. Keep reading for all the details. Viking Enters into LOI to Increase its Oil Production in the Cherokee Basin NEW YORK, NY--(Marketwired - Feb 14, 2017) - Viking Investments Group, Inc. ("Viking") ( VKIN ) is pleased to announce it has entered into a Letter of Intent (the "LOI") with a view to increasing its working interest in a prolific oil lease in Eastern Kansas. Viking, through its wholly-owned subsidiary, Mid-Con Petroleum, LLC ("Mid-Con"), already owns a majority working interest in the lease, and the LOI contemplates Mid-Con acquiring the interest of a minority partner in order to achieve efficiencies with future development and to increase Mid-Con's
revenue from existing production. The lease, which has additional drilling locations, is located in Miami County and produces oil from the Squirrel sandstone (750 - 900 FT) within the Cherokee formation. The purchase would include an increased undivided interest in all oil and gas wells, equipment, fixtures and other personal property located upon the leased property. Wells similar to those located on this lease have demonstrated the ability to produce for 20 - 30 years. The
LOI is non-binding and proposes Viking and the vendor entering into a formal purchase or assignment agreement by March 15th, 2017. The transaction is subject to Viking or Mid-Con obtaining financing sufficient to complete the purchase. Happy trading. SmallCapMomo.com ---------------------------------------------------------------------------------------------- Hello fellow investors / traders, I've been searching for a new breakout style trade, and believe I have found a great candidate in VKIN.
There's a reason BarChart.com rates VKIN as a buy on its short, medium and long term indicators - because the chart is super hot. VKIN hasn't traded above $0.25 in over six months, and hasn't hit more than $0.29 in over a year. In other words, its been in a tight trading range for a long time. A breakout past $0.25 could spell a major short squeeze. VKIN closed yesterday at $0.21 and is so close to a technical breakout. What could make such a move even more appealing is VKIN's extremely low float of around 2.5m shares - or $600k at the current share price. Recent volume has come into VKIN, presumably because of the encouraging news the Company has released in the past few weeks, such as the tribute VKIN received 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. And when VKIN's wholly-owned subsidiary, Mid-Con Petroleum, LLC, obtained a revolving line of credit facility from CrossFirst Bank. All very positive news, it is no wonder that investors have been snapping up shares of VKIN in anticipation of long term fundamental growth and a near term technical breakout. Here's a background on VKIN... VKIN is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in North America, primarily targeting under-valued assets with realistic growth potential. The company owns oil and gas leases in Alberta, Kansas and Missouri. The company's interests in Kansas and Missouri cover over 6,000 acres of property. VKIN's focus is directed toward evaluating and completing investments in North America, mainly in Energy, Resources and Emerging Markets with appropriate diversification and balance between each division. VKIN targets under-valued investments with realistic and immediate appreciation potential and a defined exit strategy. Target companies must have proven management, intimate knowledge of their industry and a sound strategic plan, along with a desire and receptiveness for specific expertise to advance the company's business objectives. VKIN's Key Assets... Alberta, Canada - Joint Venture with Tanager Energy, Inc. Tanager Energy’s initial project incorporates the Leduc D-3 B Pinnacle Reef in Central Alberta, which is where the Joffre D-3 Oil Project is located (the "Joffre Project"). Viking owns a 50% working interest in the project, which consists of 4 oil wells and one water injection well. These wells were previously suspended. After solidifying the joint venture with Tanager Energy, VKIN mobilized the first well (initial production commenced on April 1, 2015) and intend to mobilize the remaining wells sequentially. VKIN owns a working interest (NRI 80 to 87%) in four leases with access to the mineral rights (oil and gas) concerning approximately 281 acres of property in Miami and Franklin Counties in Eastern Kansas, including 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. VKIN's working interests in the leases range from 15% to 84%. This project produces oil from the Cherokee formation at a depth of approximately 600 feet. These leases offer the potential for several future drilling locations. VKIN also owns a 100% working interest (NRI 83%) in three oil and gas leases concerning approximately 270 acres of property in Miami and Franklin Counties in Eastern Kansas for future development purposes. VKIN owns a 100% working interest (approx. NRI 83%) in 31 leases with access to the mineral rights (oil and gas) concerning approximately 5,500 acres of property in Cass and Bates Counties in Missouri. These leases are within a prolific oil and gas region and offer the potential for hundreds of future drilling locations. We believe VKIN could be an excellent multi-day trading opportunity. It's small float, tight long term trading range and key technical indicators all suggest a breakout is highly possible, and could be substantial. In addition, VKIN have been releasing some big news catalysts in recent weeks which have seen investors take a keen interest - evidenced by the recent increase in trading volume. I strongly suggest you get VKIN on your screen now, do you research, and be prepared for the trading day. To your success,
SmallCapMomo.com
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