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

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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.

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

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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

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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

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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

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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

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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

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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

/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

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/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