Mid-Con Petroleum, a subsidiary of Viking Investment Group, obtained a revolving line of credit facility from CrossFirst Bank, a commercial bank with offices in Kansas, Oklahoma and Texas.

CrossFirst Bank has expertise in serving the needs of participants in the oil, gas and energy industry, particularly in the mid-continent region. The L/C was used to, among other things, assist Mid-Con with increasing its working interest in certain existing oil and gas leases in Miami and Franklin Counties in Eastern Kansas and acquiring working interests in four new oil and gas leases in the same region. The majority of existing production in the area comes from the Squirrel sandstone within the Cherokee formation, and the leases offer the potential for several future drilling locations.

Amounts advanced under the L/C bear interest at a rate equal to Wall Street Journal Prime plus 1.5%.

Viking is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in North America.