LAS VEGAS, April 13, 2017 (GLOBE NEWSWIRE) -- Virtus Oil and Gas Corporation (OTCBB: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. Additionally, pumps were replaced on two wells which are now ready for production; revenue is expected soon.
Company SVP Brett A. Murray has put together a Company Investor Presentation per the request of investors high interest in the Company. This 14-page document is available on The Company website. The Board has given approval and Mr. Murray has already presented the presentation to a few private equity funders. The Company will negotiate terms of new cash infusion and present terms for board approval.
About Virtus Oil and Gas Corporation
Virtus Oil and Gas Corp. (VOIL) is a Nevada-based oil and gas exploration and production company currently focused on producing assets in the State 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.
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. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. The company will need to raise additional financing in order to advance its exploration and drilling program. 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