Activity Rich Permian Basin Key to Victory Energy Corp. (VYEY) Success
Victory Energy, a publicly held, independent, oil and gas company, sees much of its efforts today focused on a new Permian Basin well (McCauley 6 #2) which is now on production and averaging 52 barrels of oil and 58 Mcf of liquids rich gas per day since December 12, 2013. A second Permian well (Cotter 6 #2) has reached target depth with significant shows in the Fusselman, Mississippian and through the Wolfcamp formations. The Cotter well is now prepping for a multi-stage frac completion. Both of these vertical wells are located at the company’s “Lightnin” property in Glasscock County Texas.…