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Petro-Victory Energy Corp V.VRY

Alternate Symbol(s):  PTVRF

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

Bullboard Posts
Comment by nemo3on Oct 13, 2014 2:32pm
133 Views
Post# 23023947

RE:RE:Extremely bad financial report

RE:RE:Extremely bad financial report
This is a typical statement for many of the juniors on the exchange. It just shows that many of these juniors are extremely high risk. If this company hits a duster, the share price will likely be lower than what it was on Friday. On the other hand, if they hit something then this stock will shoot up.  It is a c r a p  shoot on any of these stocks unless they are at the point when they actually have something. And even then, success is elusive.  This stock is a real gamble and I would think most buying the stock realize that. So am I concerned about the financial statement? No because I bought this on speculation that well #2 might hit paydirt but all the while knowing it could be a duster and then my shares would be like dust - blowing in the wind.  With current trading, I still have a part of me that thinks results of nothing yet found are leaking out. I could be wrong as insiders are still buying. We will soon know.
Bullboard Posts