Victory Energy (VYEY)

[themetallurgist]

it takes usually takes days to call in the shares and get the new shares... at least this should eliminate all shorted shares.

[lowman]

The new Victory Energy 'Corporation'(lol) Board:

http://www.investorshub.com/boards/board.asp?board_id=7417

[dioblo]

level 11 shows bid .16 x .30

[dioblo]

mytrack shows my new symbol and split adjusted share count but o value

[dwwba]

As soon as Firstrade changes my shares and symbol, I'm going to kick a field goal.

[Badge714]

Back up and punt!

[dwwba]

Thanks Jagman, Looks like it takes awhile.

[Jagman]

dwwba...looks like everyone in the same boat...no trades. Fidelity shows split notification, but has not changed symbol or number of shares and I can't enter an order....

[dwwba]

How come my stock has not been updated to VYEY, I can not do any trades on the Vtye which Firstrade still shows I own?? and feedback on what I should do.

[Nervousnellie]

What's frustrating is that it was at or near two cents a lot recently, so 25:1 should have given us a .50 cent stock....and with a PR out it shouldn't have dropped before the split.

[dave5197]

Press Release Source: Victory Energy Corporation

Victory Energy Announcement
Friday November 10, 9:00 am ET

LOS ANGELES, CA--(MARKET WIRE)--Nov 10, 2006 -- Victory Energy Corporation (OTC BB:VTYE.OB - News) -- The Board of Directors announced today that the Company will effect a 25:1 reverse split of its common stock.
The new CUSIP number for the common stock is: 92643X206.

The new stock symbol for the common stock is: VYEY.

The effective date of the reverse split is at the open of business November 10, 2006.

All fractional shares shall be rounded up to the nearest whole share.

All shares must be tendered to the transfer agent in physical format for exchange by the transfer agent into new consolidated shares of the company.


Interwest Transfer Company Inc.
1981 East Murray Holladay Rd.
P.O. Box 17136
Salt Lake City, Utah 84117
Phone: [phone]
Fax: [phone]
"The intent and purpose of this restructuring is to allow the company to facilitate its financing plans, which will enable the development of the existing oil and gas properties the Corporation currently has underway, thus benefiting long term shareholders," states Jon Fullenkamp, Chief Executive Officer of Victory Energy Corporation. "Additionally, the Corporation can aggressively position itself to close other properties currently in negotiations, the most promising being a large prospect located in the West Texas Palo Duro Basin."

About Victory Energy Corporation: Victory Energy Corporation (http://www.vtye.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.



Contact:
Contact:
Victory Energy Corporation
Investor Relations
Lynne Folks
[phone]



--------------------------------------------------------------------------------
Source: Victory Energy Corporation


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Related News Stories
· Victory Energy: Mesa Prospect Underway - Market Wire (Thu Nov 9)
· VICTORY ENERGY CORP Files SEC form 10QSB/A, Quarterly Report - EDGAR Online (Mon Nov 6)
· VICTORY ENERGY CORP Financials - EDGAR Online Financials (Tue Aug 29)
· VICTORY ENERGY CORP Files SEC form 10QSB, Quarterly Report - EDGAR Online (Mon Aug 21)
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Copyright © 2006 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

[Jagman]

I'll give you three guesses...and the first two don't count...

"So are they going to ask 1.00 or .325"

[Bigdough46]

Put in the old sym. and it shows 1.00 , But what and it resets to 1.00 thought it kind of weird. But on new sym. totaly diff. So are they going to ask 1.00 or .325

[Jagman]

Scottrade now at 0.3025 Bid, 0.325 Ask..... My cost basis after split is 0.6563....buy high sell low???? LOL!!!!

[smallfry]

My level 2 not showing a bid or ask as of yet this morning.

[Bigdough46]

Good Morning . Well Scottrade has the new sym VYEY , Ask @ 1.00 this a.m.

[1stepahead1]

Thanks Jagman.

[Jagman]

What I missed in the latest filing was the Authorized increasing to 200 million. Prior to that the Authorized was 100 million... I'm outta this one ASAP.....too sneaky...I doubt they care, they will try to suck in new shareholders to pay their bills....

[Jagman]

1stepahead1...the companies I mentioned were Nasdaq stocks. There will be no institutional interest here. I have a small position here too and after "sleeping" on it....I decided to sell ASAP. Too many good companies out there that keep their shareholders informed....IMO...

[themetallurgist]

i think jon is up to something in the good sense. this is weird to do a RS with an already low float.

[1stepahead1]

Jagman:
You had mentioned on the EDEX board that many stocks R/S for institutional buying but tend to dilute thereafter. What are your thoughts for this particular company. I dont see the institutional interest in the R/S here. I currently hold a now very small position here, and was looking to add in a week or so, and would appreciate your opinion. Thanks in advance. 1step

[themetallurgist]

very perplexing... i wonder if it is b/c of more propects. i remember listening to tom/edex's presentation and had a huge deal in the works with jon/vtye.

[Nervousnellie]

What would make it jump to .30? It dropped after PR today....it will probably contine to hover between .13 and .155 for a while, then creep slowly upwards until results day...then, it sinks like a stone or shoots up to next resistance level depending on results...
Edit...sorry, i thought I was on edex board

[Jagman]

Depends if they PR before the open to explain....if they don't, they are dumber than dirt, IMO....

[dwwba]

it should be in the .30+ range, If not i'm pissed

[1stepahead1]

So, What price will we open at tomorrow?

[dwwba]

I was kinda hopeing people would not bail today, It would have been nice to have a SP 0.45 tomorrow, but now I guess we have to settle for a freaking 0.30 even though we have less share the price has to go up times 25

[DFLY]

Maybe agreed! 100000 shares pre RS;Post RS 4000 shares. Well 4000 at .50 is 2gs so 100000 owned around 02 same deal. RS's that are under 1 for 50 actually do sometimes work VERY well. Jus think if it goes above a buck after RS with only 3.9ish OS.Possible but still kinda strange.GL DF

[rick85284]

this might be the one for you.

[DFLY]

Razor thin float after RS as long as no big D after.eom

[dioblo]

and why do a 1/25 its a low float already

[dioblo]

i have never had a rs that turned out good

[hhhkkk2]

Do you realy think this is good news?

[lowman]

Hey, that's great news! Now that the Mesa started, who wants to bet Victory shoots straight to .37+ tommorrow? What a deal! Load 'em up now! Ya got 30 minutes! LMAO!

[DFLY]

Very strange RS indeed. Only 97 mil OS as of 10q just a lil bit ago so post RS OS will be around 3.9 mil.HMm could actually work out post RS but why now?97 mil OS isnt bad at all imo considering.Darn it too cuz I almost bought some 01s.Will wait it out now for a bit considering every 10000 shares will only be 400 shares post rs arghh but will spike much higher and faster maybe into dollars after split considering float and OS. Hope it works out for yall,small RS' under 1-50 sometimes do work so might be worth riding out.GL DF

[smallfry]

Looks like they slipped it in.

They may have something in the works but I haven't heard of anything.

[DFLY]

well you didnt get that one..on otc daily list.eom

[Doubledownga]

13:31 11/10/2006 VTYE Victory Energy Corporation Common Stock VYEY Victory Energy Corporation New Common Stock 1-25 R/S

[Jagman]

Looks like a new symbol too...VYEY...effective tomorrow.. Will they PR after the close today???? They had 200,000,000 shares authorized....why the RS unless they have some deal going on... Merger with EDEX???? Sure are hush hush about it....sucks...

[smallfry]

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/09/2006&mkt_ctg=OTCBB

If the link doesn't work, you can go to http://www.otcbb.com and look at the otc daily changes. Hope this helps.

[dioblo]

there was no rs news released today if so add the link, i get all the news feeds

[THUMBS]

RS announced today fyi.1 for 25 only so.New symbol VYEY. With only 97 mil OS bringing it down to low mils OS. Interesting RS if there is such a thing.good luck all T

[Badge714]

Victory Energy: Mesa Prospect Underway
Nov 9, 2006 9:15:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 11/09/06 -- Victory Energy Corporation (OTCBB: VTYE) announced today that drilling has begun on the Mesa prospect in Roosevelt County, New Mexico. The Company has a 2.5% working interest and is participating in the prospect in a Joint Venture with Eldorado Exploration.

This Mesa prospect will drill to approximately 7200 feet to test a potential Canyon Reef gas zone at a depth of 6000 feet and a Montoya Dolomite zone at 7200 feet that may contain both oil and gas.

The potential reef gas play was found using Passive Induced Polarization (PIP) and passive reflection seismology in combination with supportive subsurface geology. The Mesa prospect is currently 11,300 leased acres with a potential to recover 1 trillion cubic feet of gas (TCF).

"The development of the Mesa gas prospect represents the next building block in Victory Energy's business development strategy," said Jon Fullenkamp, Chief Executive Officer of Victory Energy. "Production expenses are expected to be in low single digits for this prospect, which could result in a potential yield of significant income for Victory Energy. We view the Mesa gas project as a very valuable prospect within the Victory Energy portfolio."

About Victory Energy Corporation: Victory Energy Corporation (http://www.vtye.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.

Contact:
Victory Energy Corporation
Investor Relations
Lynne Folks
[phone]

[dave5197]

Press Release Source: Eldorado Exploration, Inc.

Eldorado Commences Drilling in New Mexico
Thursday November 9, 9:00 am ET

IRVINE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- Eldorado Exploration, Inc. (Pink Sheets: EDEX - News) announced today that it has begun drilling its Mesa prospect in Roosevelt County New Mexico. The Mesa well will drill to 7200 ft to test a potential Canyon reef gas zone at 6000 ft and a Montoya Dolomite section at 7200 ft that may contain oil and gas. The company has a 33% working interest in 11,300 acres across the heart of the prospect.


The potential reef gas play was found using Passive Induced Polarization (PIP) and passive reflection seismology in combination with supportive subsurface geology. Eldorado has also identified 2 additional large structures west of the Mesa well and has leased over 28,000 acres covering the middle of both prospects. Each successful gas well would be spaced on 160 acres and each oil well would be spaced from 40 to 80 acres.

The company's other well, drilling in Hardeman County Texas, will reach a total depth of 8700 ft about the same time as the Mesa well near the end of November. If the Hardeman well is completed as a producer, Eldorado will participate in two additional wells immediately using the same Hardeman drilling rig on PIP and 3-D seismic mapped reef anomalies on nearby leases.

Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electromagnetic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.

For further information about the company visit www.eldoradoexploration.com or email at [e-mail]

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that Eldorado Exploration is a non-reporting Pink Sheets company and is not required to be registered with the Securities and Exchange Commission.

Contact Information:

David T. (Tom) Laurance [phone]




--------------------------------------------------------------------------------
Source: Eldorado Exploration, Inc.


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[themetallurgist]

yes mesa

[dave5197]

Rig is where? MESA?
GLTA.

[Badge714]

Rig is in! Latest word is: they are now setting up and WILL be drilling by tommorrow A.M.

PR will be in the AM.

[Jagman]

Share count in August of 97 million...share count in April was 69 million, an increase of 28 million in 5 months. They need to start selling some oil and cut down on the dilution or the pps ain't gonna do much IMO... Sure explains the chart... Holding for now....

[themetallurgist]

drilling update...

this was taken from ihub's edex board:

Tom,

Can you tell several of us when the Rig ARRIVAL / PR is going to occur for Mesa? Any explanations or insight would be greatly appreciated!

Thanks,
Rick

Rick, the rig has a major part being rebuilt and will start as soon as it can. My prediction now would be Tues late afternoon. I will make that announcement when I hear the drill bit is in the ground. The driller is as ready as we are, so everyone has to realize the well starts when it starts, not because we can demand they start when they originally estimated. I have tried to pass on information as I receive it and its not always right because of one thing or anouther. Tom

[Jagman]

"This quarterly Report on Form 10-QSB/A amends our previously filed Quarterly Report on Form 10-QSB for the fiscal quarter ended June 30, 2006. This amendment is being filed to correct the third paragraph of page 1 regarding the number of shares of common stock outstanding as of the latest practicable date, August 11, 2006: 97,210,259 shares."