Published On: Tue, Oct 7th, 2014

Viking Investments Group Inc. (OTCMKTS:VKIN): Investment in Tanager Energy Inc.

Viking Investments Group Inc. (OTCMKTS:VKIN) today inked agreements to subscribe for the common stock of Tanager Energy Inc. In May 2014, Viking announced approximately $2 million investment in Tanager, of which it already completed investment worth $150,000. Of which, the company used $92,000 to subscribe for 1.26 million units of Tanager. The company has also signed an agreement to subscribe for an additional 2.17 million units of Tanager, subject to final approval from the concerned stock exchange. The shares issued to the company will be subject to a four-month hold period, ending February 5, 2015.

Viking Investments Group Inc. (OTCMKTS:VKIN) also intends to make addition investment in Tanager, upon receipt of sufficient additional funds. In exchange, the company seeks 50 percent working interest in Alberta-based oil and gas property. This purchase is expected to be completed by end of this month in line with the Canadian Association of Petroleum Landman Operating Procedure. Upon completion of WI purchase, Tanager will fast-track the first well completion on this property. This well is estimated to produce approximately 100 barrels of oil per day.

Viking Investments Group Inc. (OTCMKTS:VKIN) provides professional consulting and advisory services to businesses with rapid growth potential, and those anticipating ownership transition. Such companies must have a sound business plan, high caliber management expertise and in-depth understanding of a particular industry. Viking conducts due diligence before making investment decision. The company facilitates financing through in-house resources or resources of strategic partners or third party investors.

Its business model emphasizes investment in mid-stage, established American Internet companies, which allows opportunities to localize into emerging markets of India and China. Viking believes that the demand growth in emerging market allows the opportunity to leverage growing consumer bases. In addition, emerging markets allows opportunities to gain significant footprint before competitors enter these markets.

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