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Petro-Victory Energy Corp. Commences Multi-well Drilling Program

June 22, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

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

  • The Company has secured environmental drilling permits for a total of seven (7) development wells from Brazil’s Environmental Agency, Instituto de Desenvolvimento Sustentável Meio Ambiente (IDEMA);
  • Civil works at four (4) drill sites and access routes have been completed;
  • All long-lead items for the 2022 multi-well drilling program have been procured and delivered including casing, production
  • … Continue Reading

    Petro-Victory Energy Corp Secures Final Drilling Permit for its 2022 Work Program

    May 4, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    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

    Petro-Victory Energy Corp Announces 98% increase in Independently Certified 2P Reserves of 4.518 Million Barrels of Oil and PV10 Valuation of CAD$223,432,500 (USD$178,730,000)

    April 26, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    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

    Petro-Victory Energy Corp Acquires 19 Oil Blocks Increasing Brazil Portfolio to 257,604 Acres (1,042 km2)

    April 14, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    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.

    Highlights
  • The Company secured 19 new blocks in the onshore Potiguar Basin through its participation in the Agencia Nacional do Petroleo Gas Natural e Biocombustiveis of Brazil (“ANP”) 3rd  Oferta Permanente (“Permanent Offer Round”);
  • The acquisition of the blocks adds an
  • … Continue Reading

    Petro-Victory Energy Corp announces ESG initiative and signs contract to build Solar Project at the Andorinha Oil Field

    April 11, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    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.

    Highlights
  • The Company has signed a contract with local renewable energy provider Taldi Engenharia for the installation of a solar array at its Andorinha oil field;
  • The Andorinha Solar Project will reduce the Company’s Scope 2 emissions by an estimated 60 tons of CO2 per year;
  • The capacity of the project is 0.3MWp producing on average 40MWh/month;
  • The Andorinha
  • … Continue Reading

    Petro-Victory Energy Corp Signs Drilling Rig Contract for 2022 Multi-Well Program

    April 4, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    CALGARY, AB, April 4, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce the signing of a drilling and workover rig contract for its multi-well program, with mobilization and drilling of the first well of the 2022 program to commence in late Q2 2022.

    Highlights
  • Company has signed an exclusive 8-month rig contract with Mapeen Engenharia e Manutenção for the provision of
  • … Continue Reading

    Petro-Victory Energy Corp Receives Development Drilling Permits and Advances Drilling Program in Brazil

    March 23, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    CALGARY, AB, March 23, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to provide an operational update on the status of activity on its portfolio onshore Brazil. Following completion of the Company’s recent private placement, environmental drilling permits have been secured for a total of 6 development wells from Brazil’s Environmental Agency, Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis … Continue Reading

    Petro-Victory Energy Corp Closes CAD$10.9 Million Private Placing

    February 22, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    CALGARY, AB, Feb. 22, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that the private placing of Units announced on February 10, 2022, as amended according to the announcement on February 16, 2022, (“Placing”) has now closed. 

    The Company issued 5,437,800 Units at a price of CAD$2.00, for gross ‎proceeds of CAD$10,875,600. The Units comprised:  (i) one … Continue Reading

    Petro-Victory Energy Corp. Announces Update to CAD $10.7 Million Private Placing

    February 16, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    CALGARY, AB, Feb. 16, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that the private placement announced on February 10, 2022 (“Placing”) will be completed as a Unit private placement.  The subscription receipt financing structure is no longer required as the Personal Information Form of the lead investor has been cleared by the TSX Venture Exchange Inc. (“TSXV”).  This will greatly … Continue Reading

    Petro-Victory Energy Corp Provides Corporate Update

    January 3, 2022 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

    CALGARY, AB, Jan. 3, 2022 /CNW/ – On December 28, 2021, Petro-Victory Energy Corp. (“Petro-Victory” or the ‎‎”Company”) (TSXV: VRY.V) granted certain Directors and Officers of the Company an aggregate of ‎730,000‎ â€Žoptions to purchase Company Shares exercisable at a price of CAD$2.17 ‎for a ‎‎period of five (5) years.‎

    ‎‎The Company has determined that exemptions from the various requirements of TSX Venture Exchange ‎‎Policy 5.9 are available … Continue Reading

    Petro-Victory Energy Corp Provides Operational Update

    October 19, 2021 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/

    CALGARY, AB, Oct. 19, 2021 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY.V) is delighted to provide an operational update on activities on its northern Brazil assets, located in the Potiguar and Barreirinhas basins.

    Highlights

  • Completion of the acquisition of the remaining 7 of 16 onshore oil concessions from the 2019 ANP Permanent Offer round
  • Drilling program advancing at Andorinha oil field with an expected production addition
  • … Continue Reading

    Petro-Victory Early Warning News Release in Accordance with National Instrument 62-103

    September 24, 2021 via NewsWire Tagged With: TSX VENTURE:VRY

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

    CALGARY, AB, Sept. 24, 2021 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company“) (TSXV: VRY) announces that on September 23, 2021 (the “Closing Date“), 579 Max, Ltd. (“579 Max“), acquired ownership of ‎887,625 Class A shares in the capital of Petro-Victory (“Common Shares“) through the exercise of warrants at exercise prices between CAD$2.00/share and CAD$2.20/share.‎ PPF 12, LLC (“PPF 12“) acquired ownership of 2,289,694 Class B … Continue Reading

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