PEORIA, AZ, March 21, 2013 /CNW/ - Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has entered into negotiations with a private Oil and Gas Operator in the State of Louisiana.
The Company will enter into a Joint-Venture agreement with the Owner/Operator of the Oil & Gas field on a Joint-Venture basis, after a thorough due diligence for 30 days. The Company will examine and evaluate the economics of the field, since the field is a secondary recovery field and will require to open shut-in Oil wells, and drill into new allowable Hydro-Carbon zones as per the State and Federal laws.
The Company continues to pursue certain financial agency arrangement, but has not received any agreement.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Viking Minerals Inc.
Peoria, AZ. 85381
SOURCE: Viking Minerals Inc.
For further information:
Charles Irizarry, President CEO