Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Jun. 30, 2022
Subsequent Events
Subsequent Events	Note 16. Subsequent Events On July 8, 2022, four of the wholly owned subsidiaries of Petrodome Energy, LLC, a wholly owned subsidiary of Viking Energy Group, Inc., entered into Purchase and Sale Agreements to sell all of their interests in the oil and gas assets owned by those Petrodome subsidiaries, including in the aggregate, interests in 8 producing wells, 8 shut-in wells, 2 salt water disposal wells and 1 inactive well, to third parties for $3,590,000 in cash. The Company expects to record a loss in the third quarter of 2022 related to this transaction of approximately $7.9 million. The proceeds of the sale were received and applied to repay the balance of $3,590,000 due to CrossFirst Bank under the June 13, 2018 revolving line of credit loan. In July 2022, the Company received payment of the three outstanding promissory notes due from New Rise Processing Reno, LLC in the amount of $1,960,000.

Subsequent Events

6 Months Ended

Jun. 30, 2022

Note 16. Subsequent Events

On July 8, 2022, four of the wholly owned subsidiaries of Petrodome Energy, LLC, a wholly owned subsidiary of Viking Energy Group, Inc., entered into Purchase and Sale Agreements to sell all of their interests in the oil and gas assets owned by those Petrodome subsidiaries, including in the aggregate, interests in 8 producing wells, 8 shut-in wells, 2 salt water disposal wells and 1 inactive well, to third parties for $3,590,000 in cash. The Company expects to record a loss in the third quarter of 2022 related to this transaction of approximately $7.9 million.

The proceeds of the sale were received and applied to repay the balance of $3,590,000 due to CrossFirst Bank under the June 13, 2018 revolving line of credit loan.

In July 2022, the Company received payment of the three outstanding promissory notes due from New Rise Processing Reno, LLC in the amount of $1,960,000.