Avila Energy Boosts Processing Volumes and Revenue

Petro Viking Energy Inc. (TSE:VIK) has released an update.

Avila Energy Corporation has announced an expected increase in third-party processing volumes, expecting to receive additional natural gas volumes and solidifying two key revenue streams aimed at establishing a Carbon Neutral Vertically Integrated Energy Company. With plans to grow production and mid-stream operations, the company is also progressing towards Phase I of its Carbon Capture and Sequestration (CCS) project, expecting to generate an additional $1.5 million in annualized cash flow by 2024.

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