Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by fortfryon Mar 04, 2017 10:59am
57 Views
Post# 25931441

RE:Once the drilling starts and the oil flows

RE:Once the drilling starts and the oil flowsThe market is aware of lots of oil and natural gas. The problem about sprcualators here is if you get in at a penny and a half then they will just sell the next uptick for a doulble or 50% gain. paraguay has meager demand which is easily filled by importing from neighbors. There is no real indication about how much it costs to set up production in the remote Paraguay landscape and briing the oil to market. I read an online article which underscored the challenges clearly. This was written in 2013 and appears little has changed in 4 years. The oil is there but how will it be brought to market when oil already abounds? It reminds me of decades ago when we heard about all the oil in the Alberta oil sands which at the time was just too expensive to retrieve. The asset is rreal but there is no way to guage how long until its brought to fruition. If you want shares put your order in at a penny of half penny and pretty soon frustration will get you a fill as somebody just wants out. Until the issue of how bring this to production is sorted out there is no catalyst for an uptick and that could take decades
Bullboard Posts