Exall Energy Corporation announced that, it is signed a non-binding letter of intent with Viking Investments Group Inc., pursuant to which Viking expressed interest in loaning Exall up to CAD 35 million to enable Exall to repay its indebtedness to the Alberta Treasury Branches. The LOI contemplates with respect to the proposed loan: Term - five years; Interest Rate is 8%, computed annually in arrears; Payments - interest only, paid annually or on other negotiated terms; Security - first ranking security interest over all of Exall's assets and undertaking. The loan transaction is subject to the parties executing a definitive agreement on or before February 25th, 2015, and is conditional upon, among other things, Viking having secured financing sufficient to allow Viking to advance the loan proceeds.