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Viking Energy Group Inc (OTC US:VKIN) engages in the acquisition, exploration, development, and production of oil and natural gas properties. It owns and invests in oil and gas assets located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi. But recent news shifts this story in the CCUS space. This also applies to its parent company, Camber Energy Inc (NYSEAMERICAN:CEI).

The company is another key player that has recently entered the Carbon Capture space through its deal with a leader on the IP side in CCUS. The market is starting to see this one more clearly, which could mean market participants have a pretty brief window for appraisal before they face steeper per-share pricing to establish interest.

Viking Energy Group Inc (OTC US:VKIN) recently announced that it has entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy regarding ESG's patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. This has the potential to catapult VKIN into a key position in the clean energy space.

According to the release, the ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ~ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g., distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.

James Doris, President and Chief Executive Officer of Viking, commented, "In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System."

Viking Energy Group Inc (OTC US:VKIN) shares are up over 80% in the past two weeks after making this deal. But the total addressable market in play for this theme suggests that could be just the tip of the iceberg for a stock coming from such cheap levels - one to keep an eye on for risk-tolerant speculators looking for something with multi-bagger possibilities.

https://www.theglobeandmail.com/investing/markets/stocks/CEI/pressreleases/2371154/