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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
Bullboard Posts
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Post by speculatoron Nov 09, 2014 1:57pm
163 Views
Post# 23111378

It does not make sense

It does not make sense
The Devonian formation is below the Icla. If this first well (Jacaranda) proved the presence of the Devonian system (sic) then how the heck did it not also travel down through the (shallower) Icla formation?

Makes no sense at all and if they put out stupid stuff like this what can they be trusted with? The only thing that makes sense is that it was dry and abandoned with no shows...
 
They currently drilling Lapacho well supposedly found traces of condensate staining in the Icla sandstones which they say are very highly fractured? 

This is a contradiction - In the Jacaranda well the Icla formation is below the Devonian system and now they are saying the Icla formation is above the Devonian formation!!!!!

Any thoughts?
Bullboard Posts
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