Victory Energy Corp. VYEY Archives

ThursdayDec 19, 2013 4:13 pm

Victory Energy (VYEY) on Steady Growth Path with Permian Basin Holdings

Independent, growth-oriented oil and gas company Victory Energy is committed to creating long-term shareholder value through increasing oil reserves, lowering costs, boosting production volumes, and shrewdly managing the capital on its balance sheet. Victory Energy has its geographic focus onshore and its chief emphasis on the Permian Basin of Texas and southeast New Mexico. The company is engaged in growing proved reserves and cash flow through continued development of its existing properties, as well as through the acquisition of new resource properties. Part of Victory Energy’s business plan is to source new capital to facilitate its continued growth, through ongoing…

ThursdayDec 12, 2013 2:28 pm

Victory Energy Corp. (VYEY) Maintains Powerful Growth Trajectory

Victory Energy is an independent oil & gas company focused on growing proved reserves and cash-flow by further developing existing properties as well as by acquiring new resource properties. Last month the company issued its outlook for full-year 2013 with some impressive guidance. In November the company said it is on track to double in size for fiscal 2013. Furthermore, the company estimates that it will shortly thereafter again achieve 100 percent growth based on its currently held Permian Basin properties. For 2013 (including Q4 estimates), Victory Energy sees a 100 percent increase in mineral and drilling investments to $2…

ThursdayDec 05, 2013 1:18 pm

Victory Energy Corp. (VYEY) Participating in Important East Texas Project

Texas based Victory Energy, an independent oil and gas company, is known for its producing wells in western Texas and southeast New Mexico, but one of its most interesting projects is the company’s Chapman Ranch operation just south of Corpus Christi on the Texas Gulf Coast. That’s because of the site’s uncovered potential. It was April 2012 when Victory acquired a revenue interest in the 320 gross acre Chapman Ranch Property. After a first test well was drilled with mixed results, but multiple detected pay zones, a detailed analysis and 3D seismic were undertaken, and a second test well formation…

WednesdayNov 27, 2013 1:32 pm

Victory Energy Corp. (VYEY) Engages Weaver and Tidwell to Conduct Annual Audit, Quarterly Review

Victory Energy, an independent, growth-oriented oil and gas company, has engaged the services of accounting firm Weaver and Tidwell, L.L.P. (Weaver) to audit the company’s financial statements and its annual 10-K report for the 2013 reporting period. Weaver will also review Victory Energy’s unaudited quarterly financial information for each of the three quarters and the related 2013 year-to-date periods, which are to be included in the quarterly reports (Form 10-Q) to be filed. Upon completion of the quarterly reports, Victory Energy will be current and will be allowed to file its annual 10-K report in a timely manner. Victory Energy…

WednesdayNov 20, 2013 3:21 pm

Victory Energy Corp. (VYEY) Growing Rich in the Permian Basin

Victory Energy Corporation is an independent, growth-oriented oil and gas company based in Texas, with a primary emphasis on the Permian Basin of Texas and southeast New Mexico. The U.S., with its long history of oil production, was seen in recent decades as a fading star. With U.S. oil production having peaked in the early 1970s, the U.S. began to drop in ranking as a world oil and gas producer. But that’s not the case today. Since 2008, new technologies and discoveries have uncovered vast new potential in the U.S., allowing production to jump, once again giving the U.S. title…

WednesdayNov 13, 2013 2:23 pm

Permian Basin Properties Poise Victory Energy Corp. (VYEY) for Double Growth in Fiscal 2013

Victory Energy, an independent growth-oriented oil and gas company, today issued its outlook for fiscal 2013, which includes fourth-quarter estimates, with projections that it will double in size as it is positioned for “significant” growth with its Permian Basin properties. In August 2013, the company reported a major increase in proved reserves and said it remained on-track for growth and sustainable profitability. Management made this claim based on significant improvements in the first six months of 2013 as well as expectations for the end of the year. “We are happy to report that our claim has been validated by the…

TuesdayNov 12, 2013 5:35 pm

Victory Energy Corp. (VYEY) is “One to Watch”

Victory Energy Corp. is an independent, growth-oriented oil and gas company focused on growing proved reserves and cash-flow via the continued development of existing properties and the acquisition of new resource properties, primary located in the prolific Permian Basin of Texas and southeast New Mexico. The Company will source new capital to facilitate this growth by continuing to utilize an established pipeline of investors available through Aurora Energy Partners and additional third-party sources. The company is committed to creating long-term shareholder value by increasing oil reserves, lowering costs, boosting production volumes, and prudently managing the capital on its balance sheet.…

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