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 CREAMSHOWon Sep 29, 2016 3:48pm

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Post# 25292179

RE:RE:Joe, what is the 3 percent interst in terms of PPS?

Good post Joe.. those numbers look about right.. after the Presidents update on th Prity I'm not surprised to see this run up.. GLTA CREAMSHOW

Joe454 wrote:
According to the up date , there is 940m brl , at $60.00 , lets say they net $15.00/brl , 3% of $15.00 is .45 cents/brl , times 940m x .45 = $423,000,000.00 divided by the number of years to extract it. If they extract 10m brl/year , that's $4.5m/year income , and they don't have to lift a finger. Maybe someone can verify my numbers.

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