Viking Energy receives further investment from institutionals
The oil and gas company continues to be at the focus of the industry.

As we recently discovered, the Viking Energy Group Inc. (OTC US: VKIN) is on the verge of a capital-backed expansion on very good terms. Given the trend in the oil and gas markets, this should be considered extremely good news for VKIN stocks. However, the stock has retested support levels in the past few days, suggesting it may be tempting as a value opportunity in the energy sector. Background: VKIN is the majority owned subsidiary of Camber Energy Inc. (NYSEAMERICAN: CEI), which recently secured a $ 15 million equity transaction from an institutional investor. Most importantly, as outlined in the recent release from CEI, the financing deal was conducted as a premium-to-market convertible bond which appears to help reduce the apparent dilution risk of other bonds that are for CEI - and therefore VKIN - in the Game are to be eliminated. Most importantly, this can translate directly into expansion for VKIN and its shareholders. Viking Energy Group Inc. (OTC US: VKIN), which is updating this key situation, just announced last week that it had closed an additional deal with Camber Energy for the sale of an additional $ 11 million in common stock to CEI. According to the press release, the proceeds of the transaction will be used by Viking to (i) potentially acquire approximately 60.5% interest in a company that manufactures and supplies industrial engines, power generation products, services and dealing with customized energy solutions; (ii) to facilitate the potential conclusion of an agreement to license a patented carbon capture system for use in Canada and a specified number of locations in the United States; and (iii) for general working capital purposes. This is clearly the real, tangible manifestation of the huge investment in CEI that we saw a few weeks ago - that $ 15 million on good terms ... it's already starting to show its effects. With this in mind, it's important to understand that VKIN is the primary operational component for the NYSE-listed CEI. VKIN is the enchilada. It's the crispy center in the middle of Camber's Tootsie Roll Pop. And you can go straight to the stocks of VKIN, which are unlikely to be the subject of speculation (yet) and could be extremely undervalued at $ 0.43 per share with oil over $ 70 / barrel. Further details on this latest transaction are contained in Viking and Camber's most recent reports on Form 8-K, filed with the Securities and Exchange Commission (SEC) on July 30, 2021, and may be found under "investors" - "SEC filings" can be viewed at www.vikingenergygroup.com and www.camber.energy.





