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I thought it too , but wait and we will be rewarded
I can't say it better !!
Thank's for your normal opinion!!
Victory Energy Corporation Purchases Option on Texas Natural Gas Field
Date : 01/04/2011 @ 6:07PM
Source : MarketWire
Stock : Victory Energy Corporation (VYEY)
Quote : 0.011 0.0 (0.00%) @ 6:46AM
Victory Energy Corporation Purchases Option on Texas Natural Gas Field
Victory Energy Corp (USOTC:VYEY)
Intraday Stock Chart
Today : Wednesday 5 January 2011
Victory Energy Corporation (PINKSHEETS: VYEY) today announced that on December 31, 2010, it entered into an option agreement to acquire an oil and gas lease in a 1,000 acre tract of South Padre Island, Texas.
The option gives Victory Energy the exclusive right to acquire an oil and gas lease at the property for a period of one year. Under the terms of the option, Victory Energy will have full access to the land and may conduct geophysical or seismic testing of the land to ascertain the potential gas reserves.
Padre Island Gas Field is located 15 miles north of Port Isabel, Texas. The field was discovered by Gulf Oil in 1960 and produced approximately 3.8 billion cubic feet (BCF) to October 1, 1980 from two Miocene Sands at 6,000 feet and 6,500 feet. Three wellbores are currently shut-in and will be re-evaluated for activation. These wells were producing 14 million cubic feet (MMCF) per month when they were shut-in in 2002. One of the wells could be recompleted at 6,000 feet, and another could be put on pump to flow gas up the backside. In addition, there is a 4 foot gas sand on water at 1,712 feet indicated by well logs and a gas core that has not been previously produced. A formation test of this sand had immediate pressure of 465 psi.
A successful completion of this sand could have potential of 2 BCF proved undeveloped reserves (PUD) of natural gas. There is an intact pipeline available to transport gas to onshore facilities. Compression facilities could be installed to further recover gas. The wells are located on Padre Island and are accessible by road.
The optioned property contains three previously producing gas wells and the delivery infrastructure to transport the gas to onshore facilities. Victory Energy will have a 100 percent working interest and 75 percent net revenue interest in this project.
Robert Miranda, Victory Energy's Chairman and interim CEO, stated, "As part of our due diligence on the site, we will thoroughly evaluate these wells and the pipeline infrastructure to determine their viability. During the option period, we will also explore for additional drilling opportunities.
"This addition to our company's portfolio of assets marks a new beginning for Victory Energy. The area around South Padre Island is well-known for its natural gas reserves and should offer our company the potential for increasing our output. Our hope for this site, and our reason for acquiring this option, is that it will produce enough natural gas to complement our revenue stream from our already-producing Adams-Baggett gas wells located in Ozona, Texas."
About Victory Energy Corporation
Victory Energy Corporation is engaged in the exploration, acquisition, development, and exploitation of oil and gas properties. The company's current producing assets are located in the state of Texas.
Victory Energy seeks to identify proven development prospects, conduct thorough geological and engineering evaluations and then target suitable farm-in partners for long term development of additional prospects.
For more information, please visit our website www.victoryenergyoilandgas.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
There are forward-looking statements contained in this news release. They use such words as "intend," "will," "may," "expect," "believe," "plan," or other similar terminology. These statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different than those expressed or implied in such statements. These factors include, but are not limited to: risks associated with the implementation of the Company's strategic growth plan; legislation and government regulation including the ability to obtain satisfactory regulatory approvals; conditions beyond the Company's control such as weather, natural disasters, disease outbreaks, epidemics or pandemics impacting the Company's customer base or acts of war or terrorism; availability and cost of materials and labor; demand for natural gas; cost and availability of capital; competition; the Company's overall marketing, operational and financial performance; economic and political conditions; the continued service of the Company's executive officer; adverse developments in and increased or unforeseen legal costs related to the Company's litigation; the success of the Company's strategic partnerships and joint venture relationships; the Company's ability to pay certain debts; adoption of new, or changes in, accounting policies and practices; adverse court rulings; results of other litigation in which the company is involved; and other factors discussed from time to time in the Company's news releases, public statements and/or filings with the Securities and Exchange Commission. Forward-looking information is provided by Victory Energy Corporation pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. In addition, the Company disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
Robert J. Miranda
Chairman and Interim Chief Executive Officer
Chief Financial Officer
714.480.0305
Investor Relations
Done @ beursduivel.be Has been followed strong in the past !!!
Hopefully they will pick it up again
Sure is !! You can see it at the trades-hour !! Took one hour and only buys in total +16KK and then 30KK sell in 30 sec ??? get real
Just plays !!!
And not to forget the 2nd store will be opening in Feb.!!!
Indeed all buys !!!
This is great news !!! 2011 will be a great year for BZCN !!!
There we go !!!!!
If that could be true ....I would stop working in 2011 then
Happy New Year From Belgium everybody !!
And that Bzcn may rock in 2011 !!
Whitin the first week of the new year is my guess !!
I think they'll wait after new-year!Then they will give the total of 2010!!
Now is pointless...everybody is in holiday ..whitin 2 weeks this will give a greater effect !
Merry X-mas en good luck to you all!!
Greetz from Belgium
!!!!!!!!!!!!!!!!!!!! News !!!!!!!!!!!!
December another grow month!!!
It's ready to bounce off now , we're gonig back to ,06 now
lower high's ....not so good !
lower high's ....not so good !
!!! best news of the day!!!
We will see the 50% of the revenue sofame is making
Go bzcn" wat een irritant kloot" go
lol great minds think alike
Keep on trying !! no new things to say ???
Yes , we will
Everybody will be loading up till feb!!!!!
If this is happening in Feb , why should we sell now with loss ???
I can wait for two months
Figures will be released soon !!
So this is a last chance to load up
Macd is almost showing a 'buysignal' !!!!
Posters maybe, but i'm sure that a lot of them are watching from the sidelines.
The moment this will pick up , it's going to be fast !
It's getting to that point i guess.
Low on sell-side so stock is getting levelled.
Next move is upwards...no other way to it !
It's getting to that point i guess.
Low on sell-side so stock is getting levelled.
Next move is upwards...no other way to it !
Fact is , company is doing better and better !!
So the actual of 0002 is way to low !
Again a big oppurtunity to make some money on this one !
Glty
And not to forget ....taking us for stupids who desperately are in the need of such advice.
Can only be meaning one thing....
I rest my case
Buy's are picking up again)
Sellers are fooled again bij MM's !!
If you're looking to the first sell's at 0003 ...25000pcs woooow 25$!!!
Some of you got scared ..just like they planned to !
Glty
Only 5***** ???? Finally a post with Honest sense !!
Thank you !!
That's indeed what happened
I think theman has changed his nam in ck1
Sure ...that's why you're bashing this !!
Is this going to blast ??
Let's get to the point now !!
Good figures out , better and better revenues than last year, still a lot of people looking on the side...
So the only way this will go is up north !
Just logics !!
Like I said earlier this week !! I knew revenue's we're getting better and better!
The company is growing fast the couple of months !
Must be seeing this soon in the stock-value!!
GLty
Salesnumbers will be very strong !
This year more online buyers for the hollidayshopping..
When they will come out with these numbers this will move north
Read this !!!
Nov. 27, 2010, 12:20 p.m. EST
Black Friday shoppers spill over online
Bargain-hunters rely more on mobile devices and social networking
NEW YORK (MarketWatch) — As malls and department stores overflowed with Black Friday shoppers, online retailers also saw a boost in sales as more Web-oriented bargain hunters avoided the crowds.
Online sales for possibly the biggest shopping day of the year jumped nearly 16% from a year ago with average order values up 12% to $190.80 from $170.19, according to a Saturday report from Coremetrics, an IBM unit that tracks online traffic.
Having the biggest impact were affluent shoppers, rebounding from last year’s recession environment. Jewelers alone reported a 17.6% increase in Friday online sales.
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