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 speculatoron Nov 12, 2014 9:19am

199 Views

Post# 23119842

RE:Somw new quotes...

I understand your enthusiasm but are you aware that only 10% of all high impact wells are successful and Lapacho perhaps 25%. That means there is a 75% chance of the well not being commercial. Also, 10% of all wells fail because of technical problems. I don't want to piss on your parade, but please consider other investors who are not sophisticated and might get carried away. Good luck.

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