Avila Energy Corp (VIK)

Overview

Avila Energy Corporation, an integrated energy company previously known as Petro Viking Energy Inc., plays an active role in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas within the Canadian market. The company, which underwent a name change in December 2021, holds significant assets in West Central and East Central Alberta, which are strategically located near major urban centers such as Edmonton and Red Deer Alberta, respectively. Founded in 2010 and headquartered in Calgary, Canada, Avila Energy Corporation has built a reputation for its capability to harness resources from the Canadian landscapes effectively.

Products and Services

• Oil and Natural Gas Exploration

Avila Energy Corporation specializes in the exploration of oil and natural gas, devoting significant resources to identify potential underground or undersea crude oil and natural gas fields. This foundational activity sets the stage for the company's development and production phases.

• Development and Production of Oil and Natural Gas

Following the exploration phase, Avila actively engages in the development and production of oil and natural gas resources. This includes setting up the necessary infrastructure to extract, process, and prepare these resources for sale and distribution, focusing on efficiency and sustainability.

• Asset Management in Alberta

The company manages two key assets in Alberta: the West Central Alberta assets, positioned 50 kilometers southwest of Edmonton, and the East Central Alberta assets, located 90 kilometers east of Red Deer. Both sites are crucial to Avila Energy Corporation’s operations and are instrumental in its contribution to the Canadian energy sector.