DALLAS, June 1, 2023 /CNW/ – Petro Victory Energy (TSXV: VRY) is pleased to announce the appointment of Thomas Christian Cooper as a new member of its Board of Directors. Mr. Cooper’s extensive experience and expertise in the energy industry, particularly in energy and environmental infrastructure investments, make him a valuable addition to the board.

Mr. Cooper is the Founder and Managing Partner of Owl Investments, where he has successfully overseen projects and identified valuable opportunities in the energy sector. He currently serves as Managing Principal of Nest Sustainable Waste, LLC, a platform dedicated to investing in energy and … Continue Reading

CALGARY, AB, May 2, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to announce a 43% increase of its before-tax value discounted at 10% (“PV10 Valuation”) net proved plus probable reserves (“2P”) from USD$178.7 million in year-end 2021 proforma reserve report to USD$255.7 million in year-end 20221.

As of December 31, 2022, total 2P reserves of 6.939 million barrels of oil equivalent and a PV10 Valuation of CAD$346.3 million (USD$255.7 million) has been assigned to the Company for the Andorinha, Sao Joao, Alto Alegre, Trapia, POT-T-281, and POT-T-391 fields in … Continue Reading

/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 28, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that, further to the press release of the Company dated March 28, 2023, the private placement of units (the “Units”) announced on March 16, 2023, as amended according to the announcement on March 21, 2023, (the “Private Placement”) has closed for an additional USD$50,000. 

The Company … Continue Reading

/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 28, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that the private placement of units (the “Units”) announced on March 16, 2023, as amended according to the announcement on March 21, 2023, (the “Private Placement”) has now closed. 

The Company issued 1,828,960 Units at a price of CAD$3.00, for gross ‎proceeds of CAD$5,486,880 (US$3,976,000). The … Continue Reading

/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 21, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that, further to its News Release dated March 16, 2023, it has increased the size of its non-brokered private placement of units (“Units”) from up to US$2.7 million to US$4 million (the “Offering”).‎ ‎

‎Each Unit will be priced at CAD$3.00 per Unit and will consist of one common … Continue Reading

/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 16, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that it intends to complete a non-brokered private placement offering of 1,249,360 units of the Company (“Units”) at a price of CAD$3.00 per Unit for gross proceeds of up to CAD$3.748M (the “Offering”). 

‎Each unit will consist of one common share in the capital of the Company (a “Common Share”) … Continue Reading

CALGARY, AB, Jan. 23, 2023 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce the discovery of oil at its first well drilled in Brazil.

The Company completed drilling operations at the PVE-01 well on October 12th, 2022. PVE-01 is located within the 100% working interest Andorinha production concession in the Potiguar Basin, Northeast Brazil. The well was successfully drilled and cased down to 1,196m, with oil potential identified across multiple intervals following the evaluation of conventional wireline logging tools and correlating to nearby wells.

Testing operations at PVE-01 … Continue Reading

CALGARY, AB, Dec. 28, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that operations have commenced at the PVE-01 well at the Andorinha Oil Field, in the Potiguar Basin.

The SPT-144 mechanical service rig has now been mobilized to the PVE-01 well location after a successful workover campaign at the São João oil field. Testing operations at the PVE-01 well have commenced with results to be shared on completion of testing activity.

About Petro-Victory Energy Corp.

Petro-Victory Energy Corp. is engaged in the acquisition, development, and production of crude oil and … Continue Reading

CALGARY, AB, Dec. 28, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is pleased to announce that operations have commenced at the PVE-01 well at the Andorinha Oil Field, in the Potiguar Basin.

The SPT-144 mechanical service rig has now been mobilized to the PVE-01 well location after a successful workover campaign at the São João oil field. Testing operations at the PVE-01 well have commenced with results to be shared on completion of testing activity.

About Petro-Victory Energy Corp.

Petro-Victory Energy Corp. is engaged in the acquisition, development, and production of crude oil and … Continue Reading

CALGARY, AB, Dec. 19, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) is delighted to provide an operational update regarding its workover program on the Sao Joao Field, with the SJ-11 oil well coming online at rates of 640 barrels of oil per day (“BOPD”).

Highlights

Petro Victory has safely and successfully completed its initial 3-well workover program on its 100% owned Sao Joao field, located in the Northeast Brazil in the Barreirinhas Basin

Flow rates from the SJ-11 workover suggest an initial production rate of 640 BOPD

Production storage expansion is underway to facilitate

… Continue Reading

CALGARY, AB, Dec. 15, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSXV: VRY) announces US$1.0 M financing.

Corporate Update

The Company is pleased to announce that it has closed on US$1.0 million of secured financing from existing shareholders “Lender 1” and “Lender 2”. The new financing will bear interest at the rate of 12% per annum, payable quarterly, with principal due at maturity on May 31, 2024. The Lenders shall each receive 147,059 warrants (the “Warrants”) where each one Warrant will entitle the holder thereof to purchase one common share in the Company (“Common Shares”) … Continue Reading

CALGARY, AB, Nov. 29, 2022 /CNW/ – Petro-Victory Energy Corp. (“Petro-Victory” or the “Company”) (TSX: VRY) is pleased to announce that it has signed binding concession contracts in connection with the previously announced nineteen (19) Block acquisition in the Potiguar Basin, onshore Brazil.

Highlights

The Company has closed the acquisition of nineteen (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”);

Petro-Victory has a 100% working and operated interest in all nineteen (19) new blocks;

The acquisition

… Continue Reading