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VIK

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Share Name Share Symbol Market Type
TSXV:VIK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Petro Viking Appoints Senior Geologist

24/04/2012 2:00pm

Marketwired Canada


Petro Viking Energy Inc. (the "Company") (TSX VENTURE:VIK) is pleased to
announce the appointment of Alex Warne as its Senior Geological Consultant. Mr.
Warne is a geologist residing in Namibia, Africa. Mr. Warne holds an M.Sc.
(Geology) from Aberdeen University in Scotland and a B.Sc. (Hons.) (Geology)
from University of Stellenbosch.


Mr. Warne has extensive experience in international oil and gas exploration and
development and previously worked for Namcor, the National oil and gas Company
for Namibia. While with Namcor, Mr. Warne was part of the geological team that
worked on the Kudu gas field, which has proven reserves of 1.3 TCF and estimated
reserves of 3 TCF. He has a extensive knowledge on Namibian petroleum geology as
well as the mineral resources of Namibia. Mr. Warne has many contacts with key
government ministries and companies that can assist with exploration and other
oil and gas development opportunities in Namibia. Mr. Warne was previously a
lead consultant to UNX Energy as it progressed from being a junior offshore
Namibia O&G explorer until it was acquired in April, 2011, for $730-million.


In addition, the Company announces the appointment of David Heighington
LL.B(Hons.) as Executive Vice President. Mr. Heighington, who is currently a
director of the Company, is a lawyer and specializes in securities and business
law with a particular focus on public companies. Mr. Heighington is a graduate
from the University of Durham (LL.B Hons.). He has acted for a broad range of
domestic issuers, with a particular emphasis on venture capital and mergers and
acquisitions and has served as a director and officer of numerous publicly
traded companies, including oil and gas exploration and development companies. 


"We are delighted to make these appointments to our team," stated Giovanni
DeFrancesco, President and CEO. "Mr. Warne significantly strengthens the
Company's presence in Namibia and enhances our operating and technical ability
going forward. Mr. Heighington, who identified and negotiated the Namibia
transaction on behalf of the Company, brings many years of legal and public
company experience to the team."


About Petro Viking 

Petro Viking is a junior, independent oil and gas company focused on exploration
for crude oil in western Canada. Petro Viking entered into an agreement dated
March 19, 2012 to acquire 100% of the issued and outstanding shares in a private
company, which has an interest in offshore Namibia blocks 1710 and 1810 and
2913B. The Development of these highly prospective blocks will be led by an
experienced and qualified technical team with strong relationships in Namibia. 


The TSX-V has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release. 


Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties, including but
not limited to the fact that the Company has not closed the acquisition of
Grisham Assets Corp., as referred to in its press release dated March 20, 2012.
Actual results may differ materially. The Company will not update these
forward-looking statements to reflect events or circumstances after the date
hereof. More detailed information about potential factors that could affect
financial results is included in the documents filed from time to time with the
Canadian securities regulatory authorities by the Company.


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