Petro-Victory Energy Corp.

Petro-Victory Energy Corp. provides an operations update to the shareholders. 2024 Advancement Highlights: São João Field, 3-well, workover campaign was completed in April 2024, total oil sales volumes for the three months ended June 30, 2024 was 5,814 bbls up 99% from prior quarter. Best Estimate - Development Pending Risked Contingent Gas Resources located at the São João Field added 50.1 billion cubic feet of gas or [...]

August 2024 Warrant Issued and extension of the principal payment of loan Petro-Victory Energy Corp. is pleased to announce that the Company has issued an additional 100,000 bonus warrants to PPF 13, LLC in consideration for the forbearance and extension of the principal payment on a loan from the Lender to the Company. The Bonus Warrants are exercisable at CAD$2.03 on or before August 25, 2026. The issuance of the Bonus [...]

Petro-Victory Energy Corp. is pleased to announce that it has entered into a definitive option agreement and assignment of interest with Azevedo Travassos Petroleo S/A Azevedo & Travassos Petroleo S/A is a Brazilian company engaged in the exploration and production of crude oil and natural gas. ATP started its operations in the Potiguar Basin in 1984, becoming the first Brazilian private company to explore oil and gas in [...]

Petro-Victory Energy Corp. is pleased to announce they have received shareholder approval at the Company's annual general and special meeting of shareholders held on June 20, 2024 for their fixed stock option plan , subject to final approval by the TSX Venture Exchange . The Stock Option Plan is the same as the previous stock ‎option plan, however the Company has increased the number of common shares available for [...]

Petro-Victory Energy Corp. announces that Fifteen Talents LP has acquired ownership of 1,460,172 common shares in the capital of the Company via conversion of all of their restricted shares in the capital of the Company . A copy of the early warning report for Fifteen Talents LP will be available under Petro-Victory's profile on ‎SEDAR+.‎ Immediately prior to this purchase, Fifteen Talents LP owned and exercised [...]

Petro-Victory Energy Corp. is pleased to announce the results of its 2023 year-end reserves evaluation by GLJ, Ltd. . The Company holds 100% working interest in all forty-one blocks. Six of the forty-one blocks have reserves valuation in the report. The Company continues to invest G&G resources in further evaluation of the remaining thirty-five blocks. The additional thirty-five concession blocks are not included in the [...]

Petro-Victory Energy is pleased to provide an update on the workover campaign to increase oil production in the 100% owned São João field. SJ-06 well successfully completed adding additional 8.3 m of oil pay in the Tutoia formation. SJ-06 well tested at rate of 228 bopd during initial 35-hour test. SJ-06 Well. On Feb 27th, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program [...]

Petro-Victory Energy is pleased to provide an update on the workover campaign to increase oil production in the 100% owned São João field in the Barreirinhas Basin of Maranhão. SJ-01 successfully completed ahead of schedule and under budget adding an additional 32.2 meters of oil pay in the Tutoia formation. SJ-01 initial production rate of 303 bopd. SJ-11 successfully completed on schedule and under budget adding an [...]

Petro Victory Energy is pleased to announce that further to the news releases dated Dec 19, 2023 and Feb 14, it has increased the amount raised under the private placement to USD $2.7 million and has closed the Private Placement with an issuance of 1,205,350 units at a price of CAD $3.00 per unit. Each unit is comprised of: (i) one common share in the capital of the Company, (ii) one transferable share purchase warrant [...]