Stockle - the stock oracle

VIKING ENERGY GROUP, INC.

US:VKINDUS:VKIN
No current share price held for this company.

Past year: ▼ 26%(23.0c – 80.7c USD)

Market cap
—
Shares on issue
—
Story beats
34 since 2005
Last event
1 Aug 2023

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

15 June 2018debt financing▲ GoodMajor

Viking consolidated its financing, replacing separate facilities with a single $30 million CrossFirst Bank revolving credit line ($12.4 million drawn initially) spanning Petrodome and all three Mid-Con subsidiaries.

Discuss in chat

11 June 2018securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

21 May 2018quarterly activities report▼ Bad

VIKING ENERGY GROUP, INC. reported quarterly revenue of $2.3 million and a net loss of $4.0 million for the period ended 2018-06-30.

Discuss in chat

15 May 2018late filing notice▼ Bad

VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.

Discuss in chat

4 Apr 2018late filing notice▼ Bad

VIKING ENERGY GROUP, INC. notified the SEC that its annual report would be filed late.

Discuss in chat

23 Jan 2018asset acquisition disposition▲ Good

The Woodway Kansas lease purchase closed, with Mid-Con Development retaining an 87.5% interest after assigning smaller pieces to two co-investors, and the full $2.2 million purchase price paid.

Discuss in chat

8 Jan 2018asset acquisition disposition▲ GoodMajor

Viking agreed to buy 41 more Kansas oil leases (Ellis/Rooks Counties) from Woodway Oil & Gas KS I, LLC for $2,200,000 through new subsidiary Mid-Con Development, LLC, continuing to scale the Kansas position.

Discuss in chat

29 Dec 2017asset acquisition disposition▲ GoodMajor

Viking closed its acquisition of Petrodome Energy, LLC and its subsidiaries (adding Hamilton Ranch and San Patricio via a late amendment) -- its first entry into Texas/Louisiana Gulf Coast production -- financed by an $8.5 million term loan from 405 Petrodome LLC and Cargill Inc.

Discuss in chat

14 Nov 2017quarterly activities report▼ Bad

VIKING ENERGY GROUP, INC. reported a quarterly net loss of $786 thousand for the period ended 2017-09-30.

Discuss in chat

13 Nov 2017material agreement● NeutralMajor

Viking agreed to buy oil and gas membership interests from Black Rhino, LP for $3,000,000 cash, 2,000,000 shares and a 1.5% override, conditional on securing financing -- the deal that grew, within weeks, into the Petrodome Energy acquisition.

Discuss in chat

16 Oct 2017securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

16 Oct 2017securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

16 Oct 2017securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

13 Oct 2017securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

12 Oct 2017securities registration● Neutral

VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.

Discuss in chat

11 Oct 2017director interest notice● Neutral

James Andrew Doris became a VIKING ENERGY GROUP, INC. company insider (initial ownership filing).

Discuss in chat

4 Oct 2017debt financing▲ Good

Viking borrowed $204,000 from Cornerstone Bank to fund an $400,000 purchase of an 80% interest in six Kansas leases in Riley, Geary and Wabaunsee Counties -- a new operating area (Haas Petroleum) added to the Kansas footprint.

Discuss in chat

3 Oct 2017debt financing▲ Good

Viking borrowed $290,000 from Cornerstone Bank to fund a $530,000 purchase of six more Kansas oil leases in Miami/Franklin Counties, continuing the steady buildout of the Mid-Con position.

Discuss in chat

26 Sept 2017capital raising announcement● Neutral

Viking paid off $352,833 of its March 2017 notes early, funded by a new private placement (up to $6.5 million, with $950,000 raised so far) of 10% secured notes pledged against Mid-Con Drilling -- refinancing higher-cost debt into a larger facility.

Discuss in chat

12 Sept 2017debt financing▲ Good

Through new subsidiary Mid-Con Drilling, LLC, Viking borrowed $256,983 from Cornerstone Bank to fund a $360,000 purchase of Anderson County, Kansas oil leases -- continuing the Kansas expansion with a new bank relationship.

Discuss in chat

18 Aug 2017quarterly activities report▼ Bad

VIKING ENERGY GROUP, INC. reported a quarterly net loss of $786 thousand for the period ended 2017-09-30.

Discuss in chat

15 Aug 2017late filing notice▼ Bad

VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.

Discuss in chat

6 July 2017capital raising announcement▼ Bad

Viking borrowed $1,000,000 via secured convertible notes pledged against its Mid-Con Petroleum subsidiary -- the filing is the first in this record signed by James Doris as CEO, marking new leadership atop the Kansas oil buildout.

Discuss in chat

15 May 2017quarterly activities report▼ Bad

VIKING ENERGY GROUP, INC. reported a quarterly net loss of $1.3 million for the period ended 2017-06-30.

Discuss in chat

3 Apr 2017late filing notice▼ Bad

VIKING ENERGY GROUP, INC. notified the SEC that its annual report would be filed late.

Discuss in chat

29 Nov 2016substantial holder notice● Neutral

Coal Creek Energy, LLC disclosed a new substantial VIKING ENERGY GROUP, INC. shareholding (9.47% of votes).

Discuss in chat

21 Nov 2016quarterly activities report● Neutral

VIKING ENERGY GROUP, INC. reported a quarterly net income of $1.9 million for the period ended 2016-09-30.

Discuss in chat

18 Nov 2016asset acquisition disposition▼ Bad

Amendment No. 2 corrects the accountant disclosure in the earlier amendments. It states that RBSM LLP was engaged on September 2, 2016 only to review the Q1 and Q2 2016 quarterly reports, and no new auditor had yet been hired for 2015. It repeats the dispute with Green & Company and says later auditor changes were reported in separate filings of November 14 and 15, 2016. This continues the unresolved audit dispute and adds no new deal terms.

Discuss in chat

15 Nov 2016auditor change▼ Bad

Viking dismissed auditor RBSM LLP, which had only reviewed interim 10-Qs and never issued an annual report, to engage a different firm -- the first of two auditor changes inside two weeks, before the replacement (Mohle Adams) itself immediately exited the public-audit business.

Discuss in chat

14 Nov 2016late filing notice▼ Bad

VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.

Discuss in chat