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Petro-Victory Energy Corp V.VRY

Alternate Symbol(s):  PTVRF

Energy Oil & Gas E&P
Petro-Victory Energy Corp. is an oil and gas company, which is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. The Company holds working interests in 38 licenses on approximately 257,604 acres in two oil-producing basins in Brazil, namely Potiguar Basin and Barreirinhas Basin. The Potiguar Basin is located in the eastern portion of the northeast region of Brazil extending through the states of Rio Grande do Norte and Ceara. The onshore sedimentary area of the basin covers an area of approximately 7.5 million acres and the basin extends offshore from shallow water to ultra-deep water. The Barreirinhas Basin is located on the Brazilian equatorial margin on the coast of the state of Maranhao and covers an area of approximately 2.5 million acres onshore and extends offshore from shallow water to ultra-deepwater.


TSXV:VRY - Post by User

Petro-Victory Energy Corp > Excellent News This Morning
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Post by Sunsandsea123on Dec 19, 2022 9:18am
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Post# 35179272

Excellent News This Morning

Excellent News This Morning
 
Keep an eye on Petro-victory Energy, the news keeps getting better.

https://www.newswire.ca/news-releases/petro-victory-energy-corp-announces-significant-oil-production-increase-at-the-sao-joao-field-in-the-barreirinhas-basin-onshore-brazil-813637631.html

Note: The company shares are very tightly held, about 75% to 80% of the shares when fully diluted are held by insiders and institutions. In these times, a company like this could be a very good place to park some cash. I have been accumulating at these prices for some time now, have a nice little position and lots of patience. Have A look at the Capital Structure on pg 22 and look at the Reserves Reconciliation on pg 30 in the Investor Presentation found on Petro-Victory Energy website, Google, Petro-Victory-Investor-Presentation-July2022 (2).pdf. Good luck to all.


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