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

Comment by CREAMSHOWon Sep 26, 2016 8:42am

33 Views

Post# 25277273

RE:RE:RE:RE:RE:RE:RE:RE:Down 50 percent!Ouch!

What do you mean? Management is waiting for a offer to buy us out? I don't understand what that means Thx 454 (check your inbox)

Joe454 wrote: They already own 108m of the 191m shares. Maybe they're waiting for an offer.
CREAMSHOW wrote: Can someone please explain to me why management wouldn't just buy it out.. it's cheap and there is definitely value in the royalty.. what am I missing?? Thx CREAMSHOW
Joe454 wrote: This is the second time around for .005 , you could say it's a double bottom. I learned my lesson , the last time I bought into a company with a royalty at .005 it ran to .10 after I bailed at .03 , and the royalty was only 1.5% , this time I'm hanging on , if it doesn't get taken out.
ETalien wrote: There are always sellers...They will get antsy and impatient then they will sell, experience tells me so! It can take awhile but that is ok cause it seems the company has no plans to make a move this year anyway. IMO of course!