Virtus Oil and Gas Releases Financials with $14 Million in Assets
Las Vegas, Nevada--(Newsfile Corp. - April 19, 2018) - Virtus Oil and Gas Corporation (OTC Pink: 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...
2018-04-19 7:15 AM EDT
Virtus Oil and Gas Announces Court Ruling
Las Vegas, Nevada--(Newsfile Corp. - July 24, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), is pleased to announce it has received a court ruling in favor of Virtus. Energy Services vs. Virtus Oil and Gas et al. in the Fifth Judicial District Court in and for Iron County, State of Utah, Case No. 150500183. The court dismissed the suit with prejudice. The suit claimed that Virtus was liable to Energy Services, LLC for approximately $360,000. Energy Drilling LLC, the drilling...
2017-07-24 7:15 AM EDT
Virtus Oil Announces First Revenue
Las Vegas, Nevada--(Newsfile Corp. - June 28, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), has sold its first load of oil this month. Virtus finally is generating oil revenue for the first time in its history. After extensive workovers on its water disposal well, the Tin Cup Mesa field has been placed into production. The Company sold oil in June to Western Refinery and expects the sales to continually increase. The Company is finalizing its financial statements from May 2016 to...
2017-06-28 7:15 AM EDT
Virtus Oil Announces Update on Workovers and Investor Presentation
Las Vegas, Nevada--(Newsfile Corp. - April 13, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), has recently completed workovers on three wells and within the next week will have completed necessary work on two additional wells. The Company has also published an Investors' Presentation on virtusoil.com. The Company has successfully repaired the water disposal well. The disposal well is crucial in the Tin Cup field to dispose of production water from the oil and gas wells....
2017-04-13 7:15 AM EDT
Virtus Oil Announces Purchase of San Juan Properties
Las Vegas, Nevada--(Newsfile Corp. - March 21, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), is pleased to announce the purchase of Squaw Canyon and Tin Cup Mesa oil fields. Both properties are located in San Juan County Utah. The effective date of the purchase is March 1, 2017. Virtus acquired 100% Working Interest in Tin Cup and 75% WI in Squaw Canyon. After remedial work on various wells, the Company anticipates gross production of 250 bopd. Tin Cup Mesa Unit and Squaw Canyon...
2017-03-21 7:15 AM EDT
Virtus Oil Announces Execution of Purchase Agreements to Acquire Assets
Las Vegas, Nevada--(Newsfile Corp. - March 9, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), is pleased to announce it has signed Asset Purchase Agreements for Squaw Canyon and Tin Cup Mesa Unit from private sellers. The terms of the acquisition were not disclosed. The Company expects to close by month end. The two properties: Tin Cup Mesa Unit and Squaw Canyon are both in San Juan County, Utah. The combined Proved Reserves are greater than 2,000,000 barrels of oil (BO.) Tin Cup...
2017-03-09 7:15 AM EST
Virtus Oil Announces Letter of Intent to Acquire Assets
Las Vegas, Nevada--(Newsfile Corp. - 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 properties are: Tin Cup Mesa Unit and Squaw Canyon both in San Juan County and Salt Valley in Grand County, Utah. The combined Proved Reserves are greater than 2,000,000 barrels of oil (BO.) Tin Cup...
2017-02-22 7:15 AM EST
Virtus Oil Announces New Board Members and Management
Las Vegas, Nevada--(Newsfile Corp. - February 2, 2017) - Virtus Oil and Gas Corporation (OTC Pink: VOIL), is pleased to announce appointments to the Board of Director and new management. Dan Green has been appointed as Director and Chairman of the Board. Brett A. Murray and James "Jim" Gibbons have been appointed as Directors. Dan Green has been appointed as CEO and President of Virtus. Brett A. Murray has been appointed as Senior Vice President of Business Development and Land. Mr. Green is...
2017-02-02 7:17 AM EST