https://www.newswire.ca/news-releases/petro-victory-energy-corp-commences-multi-well-drilling-program-849588854.html

CALGARY, AB, June 22, 2022 /CNW/ - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY) is pleased to announce it has begun its 2022 multi-well drilling program commencing on its Galp-06 well in the Andorinha Field located in the Potiguar Basin.

Highlights

  • The Company has secured environmental drilling permits for a total of seven (7) development wells from Brazil's Environmental Agency, Instituto de Desenvolvimento Sustentvel Meio Ambiente (IDEMA);
  • Civil works at four (4) drill sites and access routes have been completed;
  • All long-lead items for the 2022 multi-well drilling program have been procured and delivered including casing, production tubing, pumps, and drilling fluids;
  • The MAPEEN-01 drilling rig has completed testing and passed its final inspection;
  • The MAPEEN-01 rig commenced drilling the first well at Galp-06;
  • To maximize time and cost efficiencies, the Company has secured a second service rig to batch drill the surface holes at PVE-01, PVE-02 and PVE-03; and
  • The service rig has commenced drilling the surface hole at PVE-01