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 the current period. The Company expects to post "Management"
financials (unaudited) on its website during the first week of July
and follow up with submissions to the SEC. Further the Company will
engage its auditor in August to audit the financials for 2016.
"The Company is in a much stronger position now than it was a
year ago," said Dan Green, CEO. "We look forward to increasing our
production and to acquire other assets," he further stated.
About Virtus Oil and Gas Corporation
Virtus Oil and Gas Corp. (OTC Pink: 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
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.
Virtus Oil and Gas Corporation
848 North Rainbow Blvd. #170
Las Vegas, NV 89107
© Newsfile Corp, source Press Releases