Vivakor Inc. (VIVK)

[makinezmoney]

$VIVK: Monster Contract......... possibly $250Milly over 10yrs !



https://vivakor.com/news-and-announcements/




Now $3.20

Vivakor Shares Double After New 10-Year Contract
Published: April 27, 2022 at 8:58 a.m. ET

By Chris Wack

Vivakor Inc. shares doubled to $3.56 in premarket trading after the company said it signed a 10-year contract with Hot Oil Transport LLC, a supplier of asphalt materials.

The agreement calls for Hot Oil Transport to in turn supply Southwest Liquid Asphalt & Emulsions, a major supplier of polymerized asphalt in southern Nevada.

Based on the current asphalt wholesale index price for the Rocky Mountain region, the contract could be valued at up to $250 million, provided that Vivakor is able to ramp up and operate its Vernal, Utah, site at full capacity, the company said.

Southwest Liquid Asphalt's largest customer is Las Vegas Paving, one of the largest road construction companies in the state of Nevada, with revenue of more than $500 million annually.

Under the agreement, Vivakor can provide Hot Oil Transport with up to 50,000 tons of ratable asphalt cement from Vivakor's Vernal site annually for a period of ten years.

Write to Chris Wack at [e-mail]









GO $VIVK