Victory Energy Corporation (OTCQB: VYEY) is engaged in the exploration, acquisition, development, and exploitation of domestic oil and gas properties. The company now leverages both internal capabilities and strategic industry relationships to acquire working interest positions in low-to-moderate risk oil and gas prospects.
Future investment will focus primarily on oil or liquid-rich gas projects within longer-life reservoirs that offer lower F&D costs / BOE.
The company had nine wells on production entering FY 2011 and seventeen on production at the end of the calendar year. Currently held acreage provides a pipeline of eighteen additional gross wells that could be drilled in FY 2012; however, we have line of sight to incremental projects beyond current acreage with generally higher working interest participation.
The company's current producing oil and gas assets are located in the United States. Download the investor fact sheet for current summary of projects and activity.
CURRENT MARKET ACTIVITY
Dennard Rupp Gray & Lascar, LLP
1889 Maple Ave.
Evanston, IL, 60210
Ken Dennard / Ben Burnham 713-529-6600
Web site - http://drg-e.com
Victory Energy Corporation -
Corporate Communications
Phone: 512-347-7300
Email - Kenny@VYEY.com
