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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
Post by MilitaryManon Oct 23, 2014 7:14am
164 Views
Post# 23053498

I can wait to be paid

I can wait to be paid
 Refinery in mothballs exists at Refineria de Petropar en Villa Elisa ]
Asuncion, IP-the President Petropar, Romulo Alfredo Campos Krauer said the plant refinery that the body could be used to exploit the hydrocarbon found in the Chaco in the case that this is marketable. He said that with an investment of one million dollars, I would stay in optimal conditions.

On Monday the President of the company, President Energy Peter Levine reported that there is conventional oil in the Paraguayan Chaco, which could reach 1 billion barrels.

Fields said the plant Petropar refinery would be reactivated with 7,000 barrels, in case that is saleable hydrocarbon found in the Chaco and that could cover the local market, which is currently supplied from Argentina.

He said to put it in terms you should invest one million dollars in repairs of pipes, valves, and other areas.

"This workable plant, it stopped because it was cheaper to bring refined rather than raw product," noted in statements to the 780 AM.

He stressed that the plant refinery is undergoing constant maintenance, however added that to be used again some technical adjustments must be made. In that sense, he said "our plant is the size of 7,000 barrels per day, the issue is that you have to see if the type of hydrocarbon that was found is according to our".

He argued that it is essential that the local market in question. "The news is spectacular now expect the issue of the assessment of the potential and hydrocarbon type".

"There to see if it is strategically convenient that the plant stays there or that we make an agreement to move it to where the well is, you have to do the analysis of everything that is the transport of logistics," he said finally.

The discovery will allow President Energy start its first production in Paraguay next year and sell it in the domestic market, said a company spokesman. "President has proven without a doubt that the movable conventional oil exists in the Paraguayan Chaco", said the head of President, Peter Levine.

An audit of President resources over three areas of drilling in Paraguay, which was published in January, estimated the existence of about 1 billion barrels of crude equivalent.
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