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

Bullboard Posts

Post by Shmaveyeaon Sep 17, 2014 9:04pm

106 Views

Post# 22946384

Pirity Basin

So doing DD on this one, surprised to find that the only two companies that have explored here in decades are President and Crescent Global Oil:

the last drilling in Paraguay was performed in 1997, making this new exploration effort by President Energy, the first exploration of its kind to be done in the region in over 25 years.

Potential huge reserves under there! major late cretaceous formation. Looking to start a bit of a dialogue on SH about V.VRY... I'm digging through everything right now and I am sure i'll find out but what is the relationship between VRY and President Energy? As they have the same leases? Might get an answer here first and cut down my time! Lots of potential with VRY... high risk reward. Also thoughts on why no one has bothered touching Uruguay? Too unstable?

Thanks!

Bullboard Posts

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