Vivakor reports Q1 EPS (14c) vs. (4c) last year

Reports Q1 revenue $15.5M vs. $0 last year. Vivakor Chairman and Chief Executive Officer James Ballengee commented, “Our first quarter was in-line with our internal expectations, as our crude oil gathering, storage and transportation facilities continued to perform well. One of our facilities sells crude oil in amounts up to 60,000 barrels per month under agreements with a large publicly traded energy company. A different facility owns a 120,000-barrel crude oil storage tank located near Colorado City, Texas. The storage tank is presently connected to the Lotus pipeline system and we are currently moving forward with our plans to further connect the tank to other major pipeline systems. Our contaminated soil remediation services operations are being re-positioned to focus on delivering the optimal return on investment for each of our Remediation Processing Centers. We are currently focusing our soil remediation efforts on our project in Kuwait and our upcoming project in the Houston, Texas area. We look forward to sharing our progress with existing and prospective new shareholders over the coming months.”