Viking Energy Group Inc (VKIN)

[Potse]

Viking...job ads, TBJK reverse merger.....

Viking Investments (majority owner of SBAT) has continued placing job advertisements for its Shanghai office since I first noticed its pickup of activity in December 2009. Employment positions have ranged from interns, receptionists, business development people to work with Viking's corporate clients, and people skilled in English/Chinese translations of business documents/correspondence.

I recall in late March/April (shortly after SBAT returned to shell status) that one of the business development ads specifically mentioned that the employee would be working with a Shandong client ready for a US-listing.

It might be worth noting that Viking Investments was a key consultant on the very recent TBJK reverse merger. The initial post-merger share structure of TBJK (prior to a completed subsequent financing at $4) is 10M shares outstanding, with Viking retaining about 5.6% (560+K shares).

Prior to the announcement of the RM, the TBJK shell with 429M shares outstanding reached a valuation over $6M. The private placement was done at a shell valuation over $3M. As I type this post, the current valuation of the TBJK shell shares is over $2M.

For comparison purposes, the SBAT shell with 1M shares outstanding has a current valuation of $300K.