Petro Viking Energy Inc. Highly Prospective for Major Offshore Oil Discovery in Namibia, West Africa - Exceptional Risk-Reward Opportunity

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Petro Viking Energy Inc. has locked up one of the best offshore blocks in Namibia; from a risk management perspective sub-salt, oil seepage, & structure features make block 1710 prime offshore real estate ripe for major discovery. Should majors hit in the neighborhood, and there is strong evidence they will since they would not be sinking $60M to $100M into offshore spuds without 3D seismic supporting a high level of certainty and commitment, shares of Petro Viking could easily rise in multiples overnight as the inherent value of its Namibia asset(s) would be targeted by suitors lining-up to give Petro Viking Energy cash plus a free-ride/carried interest.

Petro Viking Energy Inc. is the subject of Energy MarketWatch Journal publication; Petro Viking appears undervalued with exceptional opportunity afforded shareholders as Petro Viking has locked up one of the best offshore blocks in Namibia, and over the coming weeks and months the first of numerous planned offshore exploratory wells by majors in the region will be drilled.
 
The Journal review may be found at http://www.energymarketwatch.net/vik.htm online.
 
Petro Viking Energy Inc. is focused on offshore oil exploration in Namibia, West Africa where its offshore block No. 1710 (~7,000 km2) is highly prospective for major oil discovery and is certain to attract attention as this vastly underexplored region heats up in planned activity by majors. Nambia's offshore is only now taking centre stage as a deepwater petroleum frontier with the potential to mimic the success of Brazil, Angola, and Ghana which share similar geological origin. Petro Viking's offshore block No. 1710 is located on the northern tip of Namibia in the Namibe Salt Basin, directly adjacent Angola (Africa’s second largest oil producer). The Angola coast mirrors Brazil's oil-laden offshore sub-salt geology and the similar system is understood to continue into Namibia where Petro Viking's block 1710 is one of only ~6 blocks in the country that are known to contain sub-salts of significance.
 
It is only in the last couple years that Namibia's offshore blocks have attracted a flurry of seismic exploration work from top geologists and teams from big-oil players (i.e. Petrobras, HRT, BP, etc.), yet only "now" are the exploratory wells set to be spud; multiple deepwater offshore drill programs by majors are planned over the next year and are sure to put the whole map on fire when/if they hit. Big-oil caliber involvement in the region signals the area "in-play" and the prospects for Petro Viking advancing 1710 in a meaningful way via the involvement of suitors is strong (it is safe to say interest is already high), especially given the fact Petro Viking's 1710 block is considered one of the best offshore blocks in Namibia.
 
Petro Viking Energy Inc.'s offshore 1710 block possesses essential features ideal for oil exploration; including 1) sub-salt (which would have helped dissipate heat millions of years ago and keep the hydrocarbons as oil plus help provide structure & seal), 2) numerous large structures interpreted by geologists from NAMCOR data, and 3) evidence of oil seepages and slicks offshore that indicate a working petroleum system in the region. Additionally, neighboring Chariot Oil & Gas recently spud on its 1811A block and demonstrated source rock and structure. In short, Petro Viking has it all.
 
The risk-reward characteristics are highly advantageous for investors establishing a long position in Petro Viking now, before active majors strike oil in the region and dramatically jump the share price. With ~30.4M shares outstanding and trading under CDN$0.25 Petro Viking is poised for significant upside revaluation. The good share structure was one of the attractive features that helped Petro Viking Energy Inc. attract its Namibia asset (and possibly others to come) -- Petro Viking has liquidity but is not over diluted and NO cheap in-the-money nonsense on the books; funds that would flow back to Petro Viking upon warrant exercising: ~13,000,000 warrants available to be exercised, all between $0.50 - $0.55 (with the exception of a nominal 102,000 warrants that are available to exercise at $0.20) would create ~$7m in cash for treasury. In light of the highly prospective nature of its Namibia asset, possibly more to come, and multiple catalysts in the neighborhood, it is not unreasonable for shares of Petro Viking to move significantly higher. Petro Viking has solid management and technical leadership with invaluable connections in Namibia and also has some revenue producing assets in Canada where it is averaging ~100 barrels of oil/day production. Although the stable revenue Petro Viking receives is nice to see, it is important the reader note that Petro Viking is now positioned as a 100% Namibia focused offshore exploration opportunity with exceptional prospects and near-term catalysts.
 
The Journal review may be found at http://www.energymarketwatch.net/vik.htm online.
 
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URL.

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