Press

Virtus Oil and Gas Releases Financials With $14 Million in Assets


Virtus Oil and Gas Releases Financials With $14 Million in Assets
PRESS RELEASE GlobeNewswire
Apr. 19, 2018, 07:17 AM
LAS VEGAS, April 19, 2018 (GLOBE NEWSWIRE) -- Virtus Oil and Gas Corporation (VOIL), has placed on the Company's website all financials current through November 2017. The Company now is showing $14 million in assets, has also entered into tentative agreements to acquire additional assets, planning a workover on the Tin Cup Federal 4-26 and promoted Company SVP Brett A. Murray to EVP.

Company CEO, Dan Green, has worked tirelessly with Company's accountants to update the financial statements. As a result of the acquisition of Tin Cup Mesa and Squaw Canyon, the assets in the Company have gone from approximately $250,000 to $14,000,000. The previous management of Virtus had put events in place that brought it into non-compliance with the SEC.

Filing of a Form-10 with the SEC will bring Virtus from the Grey Sheets back to the OTC Bulletin Board. The Company expects this to be completed and approved by the SEC within 90 days of a completed audit. The Company expects the audit to commence in May 2018.

Dan Green, Chairman and CEO at Virtus, said: “Under my tenure at Virtus we have been successful in defending the Company from lawsuits, reducing liabilities and bringing the Company from a wildcat explorer to a production company.”

About Virtus Oil and Gas Corporation

Virtus Oil and Gas Corp. (VOIL) is a Nevada-based oil and gas production company currently holding producing assets in the States of Colorado and Utah. Virtus' strategy is to acquire proven and producing assets and/or develop oil and gas resources in proven, onshore basins in the United States.

Forward-looking Statements

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

Contact:
Virtus Oil and Gas Corporation
848 North Rainbow Blvd. #170
Las Vegas, NV 89107
(775) 636-3132
www.virtusoil.com



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://newsfilecorp.com/release/34123

Virtus Oil and GasParadox BasinOTCBBVOILBrett A. MurrayDan greenTin Cupexcellent operatorsPipeline OperatorAcquisitionLas VegasUtahMoabpi

More items from bam


Virtus Oil Announces Letter of Intent to Acquire Assets

LAS VEGAS, NV / ACCESSWIRE / February 22, 2017 / Virtus Oil and Gas Corporation (OTC PINK: VOIL), is pleased to announce it has signed a Letter of Intent (LOI) to acquire three properties in southeastern Utah from private sellers. The terms of the acquisition were not disclosed. The three properti ...


Posted 2 years agoPress > Fidelity Exploration & ProductionParadox BasinUtah +4

Virtus Oil Announces New Board Members and Management

LAS VEGAS, NV    Feb. 02, 2017 (GLOBE NEWSWIRE) -- Virtus Oil and Gas Corporation (OTCBB:VOIL), is pleased to announce appointments to the Board of Directors and new management. Dan Green has been appointed as Director and Chairman of the Board.  Brett A. Murray and James "Jim" Gibbons have been app ...


Posted 2 years agoPress > Independent Oil and GasFidelity Exploration & ProductionVirtus Oil and Gas

AOW Letter of Intent Terminated by Sellers (Pacific Mining Et Als) December 15th, 2016

RENO, NV--(Marketwired - Dec 15, 2016) - Pacific Energy & Mining Co., ( OTC PINK : PEMC ), announced today that the Letter of Intent for the sale of certain oil and gas properties between PEMC its partners Entrada Enterprises, JMD Resources Inc. and American Patriot Oil and Gas (ASX "AOW") ter ...


Posted 2 years agoPress > American Patriot Oil and GasASXAOW +1
All posts from bam