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VIKING ENGAGES LEADING OIL & GAS OPERATOR IN EASTERN KANSAS

NEW YORK, NY -- (Marketwired) -- 10/25/16 -- Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announce it has engaged Kansas Resource Development Company ("KRDC") to operate certain of its oil and gas-related leases in Eastern Kansas.

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VIKING'S ABC LEASE HAS PRODUCED ALMOST 1MM BARRELS OF OIL

The ABC Lease, in which Mid-Con acquired a 95% working interest on October 4th, 2016, is a prolific oil lease in the region. Prior to Mid-Con's acquisition, engineering estimates indicated approximately 913,675 barrels of oil had been produced from this lease as of April 1, 2016, and remaining PDP and PUD reserves were 73,825 stb and 91,200 stb, respectively. Wells on the lease are approx. 350 feet deep and target the Peru formation. Wells in the area similar to those on this lease have demonstrated the ability to produce for 20 - 30 years.

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VIKING ENGAGES LEADING OIL & GAS OPERATOR IN EASTERN KANSAS

VIKING'S ABC LEASE HAS PRODUCED ALMOST 1MM BARRELS OF OIL