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.

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Petro-Victory Energy Corp

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Comment by nemo3on Oct 17, 2014 12:03pm

107 Views

Post# 23037931

RE:RE:RE:RE:RE:It was an all out no brainer!

So agreed. This is typical for these companies to have that put in their financial report. We are in this stock in the hopes that this second well hits. We should all know that if it does not, the share price will tank. It will still have some money left. If these type of statements concern you, then you should not be dropping coin here. People buying these stocks are doing so on speculation. These are not blue chip companies. If you are not prepared to lose most of your funds in these stocks, don't invest in them. But at times, you hit it right with them.

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