CALGARY, AB, Aug. 25, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) announces that it has applied to the TSX Venture Exchange ‎(the “TSXV”) for a one-time extension of the expiration date of common share purchase warrants issued by the ‎Company (the “Warrants”) in connection with US$1,000,000 unsecured financing on August 25, 2021 (“Loan Financing”). The amendments to the expiration date of the Warrants is set out in the table below. The Warrants to be ‎amended do not include any warrants issued to finders or agents in connection with the Loan Financing. No other terms … Continue Reading

CALGARY, AB, Aug. 17, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to provide the following update on its acquisition of the São João Field in Northeast Brazil and corporate update.

Following the announcement on August 2nd, 2021, that Petro-Victory was acquiring the remaining 50% working and operated interest in the São João Field in the Barreirinhas basin, the Company is pleased to announce that the acquisition has been approved by Agência Nacional do Petróleo (ANP). Petro-Victory now holds 100% working interest and operatorship in the São João … Continue Reading

CALGARY, AB, Aug. 11, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to provide an update on its previously announced Andorinha Solar Project to provide electrical power for its facilities at the Andorinha oil field, onshore Potiguar Basin.

Andorinha Solar Project Update

As previously announced in April 2022, the Company entered into a contract with a local renewable energy infrastructure provider to install a solar array at its Andorinha oil field (the “Andorinha Solar Project” or the “Project”).

Civil works are completed and the solar panels are now installed at the previously … Continue Reading

CALGARY, AB, Aug. 9, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to provide the following update on operations on its second well in its 2022 program – PVE-01.

The Company has commenced preparation for the drilling of the PVE-01 well, the second  of its four-well 2022 program.  PVE-01 marks the first development well to be drilled on the Company’s 100%-owned Andorinha Field. The Company is currently working with its rig provider to conduct a short maintenance regimen on the MAPEEN-01drilling rig ahead of its mobilization to the well … Continue Reading

CALGARY, AB, July 29, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) announces the results of the first well of its 2022 drilling program in Brazil.

The Company commenced operations at the GALP-06 well within the 100% working interest Andorinha production concession in the Potiguar Basin, Northeast Brazil, on 20th June 2022, using the MAPEEN-01 drilling rig. The GALP-06 well is located approximately 3km SW from the producing oil wells at Andorinha and targeted a separate structural closure from the accumulations found at the main Andorinha field.

The well was successfully drilled … Continue Reading

CALGARY, AB, July 6, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to announce that Mr. Timothy L. Dove has joined the Company in the capacity as advisor to the Board of Directors.

CALGARY, AB, July 5, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to announce that Mr. Daniel Wray has joined the Company as its new Chief Financial Officer. 

The Company is delighted to announce that Daniel Wray is joining as its new Chief Financial Officer. Mr. Wray is a licensed Certified Public Accountant and brings a wealth of … Continue Reading

CALGARY, AB, June 22, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce it has begun its 2022 multi-well drilling program commencing on its Galp-06 well in the Andorinha Field located in the Potiguar Basin.

Highlights

CALGARY, AB, May 4, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to provide the market with an update on the status of its drilling permits for its 2022 work program on its 100% owned and operated Andorinha oil field.

The Company is delighted to have received the drilling permit from Brazil’s State Environmental Agency, Instituto de Desenvolvimento Sustentável Meio Ambiente (IDEMA) for the GALP-06 well.

On March 22nd, 2022, the Company announced it secured drilling permits for a total of six (6) development wells with one additional drilling permit, the GALP-06 … Continue Reading

CALGARY, AB, April 26, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to announce a 98% increase of its before tax value discounted at 10% (“PV10 Valuation”) net 2P reserves from USD$90.4 million in year-end 2020 to USD$178.7 million in year-end 2021.

As of December 31, 2021, total proved plus probable (“2P”) reserves of 4.5 million barrels of oil and a PV10 Valuation of CAD$223.4 million (USD$178.7 million) has been assigned to the company for the Andorinha, Sao Joao, Alto Alegre, and Trapia fields in Brazil. This represents a … Continue Reading

CALGARY, AB, April 14, 2022 /CNW/ –  Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to announce that it has secured 19 new oil and gas blocks in the Company’s core operating area, the Potiguar Basin onshore Brazil. This acquisition cements Petro-Victory’s status as one of the largest landholders in the highly petroliferous basin.

CALGARY, AB, April 11, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce the signing of a contract for the provision of solar power facilities at its Andorinha oil field, onshore Potiguar Basin.