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Victory Energy Field Report and Update
Jul 14, 2008 08:02:08 (ET)
CARSON CITY, NV, Jul 14, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today it will have the test results of its shallow oil well by the end July.
The oil zone was treated with a large volume of acid, which was pumped into the formation. Weatherford Engineering is monitoring the results of the stimulation job and will collect the data for evaluation.
Production pipe was set on the latest Canyon Sandstone gas well drilled for the Corporation; it is scheduled for stimulation this week. Once the stimulation job is produced back, the well will be brought online into production.
Inclement weather delayed the deep rig moving onto location to finish drilling the first Strawn Limestone well for Victory. This well is currently drilled to 7,000 feet in-depth. Auxiliary equipment is being positioned and the rig should commence drilling by midweek.
Conductor pipe has been set on the second Strawn Limestone well being drilled by Victory. The drilling contractor will resume drilling after the 24-hour waiting period for the cement to dry.
"As a result of the unexpected weather delay, reaching total depth of our first Strawn Limestone gas well, has been pushed back by several weeks. Our drilling contractor expects to have this well back on track by mid-month," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Victory Energy Reports Revenue
Jul 7, 2008 08:01:38 (ET)
CARSON CITY, NV, Jul 07, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today its fifth revenue payment from natural gas sales related to wells producing in Victory's Canyon Sandstone Gas play located in the Texas Permian Basin.
The revenue of approximately $92,170 pre-distribution represents sales of natural gas production for the month of April. The revenue is from Victory's interest in gas wells producing from the Canyon Sandstone zone. This represents an 18% increase in revenue over the previous month and includes the gas production from eight wells in the revenue cycle.
"We anticipate revenues to increase steadily as additional wells are drilled, completed, and brought online. In addition to new wells, we also expect increases in the value we receive for natural gas to boast revenues as well," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Victory Energy Receives Permit Approval
Jul 2, 2008 08:01:04 (ET)
CARSON CITY, NV, Jul 02, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today it has received permit approval from the Texas Railroad Commission Oil and Gas Division to drill a second 12,500 foot well. This permit is in the Corporation's current gas play in the Texas Permian Basin.
The permit is for the Strawn Limestone formation, located at a depth of approximately 12,500 feet. The intent is to drill down to the Canyon Sandstone formation at approximately 9,500 feet in depth and conduct a drill stem test to determine the commercial potential of the formation before proceeding further.
The current deep well has been drilled to a depth of 7,000 feet using existing equipment. The decision was made to bring in a larger rig, one capable of handling heavier drill string weights due to the increased proposed depth. Weather conditions have slowed the movement of the larger rig onto location. However, it is anticipated total depth should be achieved by the end of July.
"The second deep well permit is an infield offset to where we feel the deeper gas trend is located. Historical information is being used to assist us with drill site selection. We are very encouraged with the ongoing results received in this gas play," stated Jon Fullenkamp, President of Victory Energy Corporation.
No kidding. Go VYEY!!!
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Victory Energy Acquires Additional Oil & Gas Lease
Jun 30, 2008 08:01:51 (ET)
CARSON CITY, NV, Jun 30, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today it has acquired an additional oil and gas lease consisting of 640 acres. This acreage is contiguous to and expands the Corporation's current gas play in the Texas Permian Basin.
The acreage contains 60 potential drill sites consisting of Ellenburger Dolomite, Strawn Limestone, Canyon Sandstone, and Wolfcamp formations. This allows for stacking behind the pipe reserves to be produced at a later time. Behind-pipe reserves are reserves that are expected to be recovered from zones in existing wells. This may require additional completion work or future recompletion prior to the start of production from an existing well bore.
"Acquiring this oil and gas lease saves the Corporation $100,000 in drill site fees per well, totaling $6 million over the 60 wells. We will continue to expand our holdings in this gas play, as it is the cornerstone for revenues of the Corporation," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Ummm.... anyone notice its up 55 percent. Last time I checked that was a really good thing and no one is saying anything.
Oh so your saying untrained cops kill, well then that means taser is free from your bashing. I will agree untrained cops don't know how to deal with excited delirium but again nothing has changed when cops deal with those people.
Yes murder is all taser does!!! HIGH five to taser for clearing out the POS people
All I can say theres not a better spot to load up, cause this is eventually going to head back north. Especially if they keep drilling wells like they are now.
2008-06-12
Victory Energy Plans to Acquire Additional Drilling Capacity
Jun 12, 2008 -- Victory Energy Corporation (OTC BB:VYEY.OB - News) announced today that it is planning to increase available drilling capacity through the purchase of a drilling rig for its in-field gas development project in the Texas Permian Basin.
The company is currently seeking to acquire a rig capable of drilling to 12,000 feet in depth. This capacity would allow in-field drilling of the Ellenburger Dolomite gas zone normally found at 11,500 feet in depth.
Victory's drilling contractor is drilling out the Texas Permian Basin gas field with two drilling rigs. Victory providing an additional rig would allow one rig to set shallow surface casing ahead of two rigs drilling to total depth. This type of utilization would increase the number of wells brought on-line each month.
"Additional drilling capacity added to this project is directly on target with the Corporation's goals to increase production capacity and capitalize on the increased sales price of the natural gas," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Victory Energy Corporation (www.victoryenergyoilandgas.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:
For information:
Corporate Communications
1-702-989-9735
Victory Energy Gas Wells Continue on Target
Jun 9, 2008 08:02:57 (ET)
CARSON CITY, NV, Jun 09, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today that the drilling contractor has reached a depth of 1,040 feet and is ready to set surface casing on this next Canyon Sandstone gas well. This is Victory's twelfth well and is located in the Corporation's Crockett County gas play in the Texas Permian Basin.
Victory's eleventh well, a deep Strawn Limestone gas well, is currently drilling at a depth of 7,010 feet. After the drill bit is changed, drilling will continue down to approximately 9,500 feet where the Strawn Limestone zone is located.
Completion of Victory's tenth well occurred on June 1st. A swabbing unit was brought onto the well site and has begun swabbing back the stimulation fluid. The well has been tied into the production transmission line and the single point test will be run on the well by June 30th to determine its initial production.
The oil sample collected on Victory's ninth well was delivered to Weatherford's engineering division for testing. Results and their recommendation to determine a suitable stimulation treatment are expected by June 12th.
Victory's other eight wells are online and producing. The field operator for Victory reports that these gas wells are inline with historical production information for this field.
"We are excited about the progress on our deep Strawn Limestone well, as there was a good show of natural gas in the Canyon Sandstone zone at 4,950 feet. This is important as it is protects our investment in this well as the Canyon Sandstone zone can always be produced," stated Jon Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation:
Victory Energy Corporation ( www.victoryenergyoilandgas.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.
For information:
Corporate Communications
1-702-989-9735
Lol Yeah and aliens are taking over and the sky is falling AHHHHHHHH!!!!
Lol Your trying to save lives what a joke. If thats the truth why don't you get off a stupid stock investor board where nobody knows or cares who you are and really campaign. You just sound like a complete idiot to me, I apoligize for whatever kid kept beating you up and sticking you in your locker.
Wow why even post on this board Gateway, you just make yourself look like an idiot.
Victory Energy Starts Drilling Twelfth Gas Well
Jun 2, 2008 08:02:52 (ET)
CARSON CITY, NV, Jun 02, 2008 (MARKET WIRE via COMTEX) -- Victory Energy Corporation (VYEY, Trade ) announced today that its drilling contractor started drilling the next Canyon Sandstone gas well on Sunday. This is Victory's twelfth well and is in the Corporation's Crockett County gas play located in the Texas Permian Basin.
On Victory's eleventh well, a deep Strawn Limestone gas well, surface pipe was set at 1040 feet and the rig is currently drilling at a depth of 4782 feet. Drilling will continue down to approximately 9500 feet where the Strawn Limestone zone is expected to be found.
The stimulation treatment for Victory's tenth well was completed on June 1st. The next step in this completion is to dry the well up by flowing the stimulation fluid back to surface over the next two weeks. It is anticipated that this well will be producing gas into the production transmission line by June 19.
The operator for Victory is testing a shallow oil zone in the ninth well. The zone was perforated and a sample of oil was collected and delivered to a Houston engineering firm to determine a suitable stimulation treatment. Results of this evaluation are expected by June 5.
Victory's other eight wells are online and producing. The field operator for Victory reports these gas wells are inline with historical production information for this field.
"Each additional well is a strategic part of long term growth for the Corporation and contributes to increasing shareholder value," stated Jon Fullenkamp, President of Victory Energy Corporation.
Death Penalty for the CEO of Taser? I was thinking a commendation for ridding the world of dirt bags. But what would you know about doing anything for the country anyways.
Why the personal attack you ask, because its frustrating when a person who has never had any dealings with this product or what it is capable of bases his opinions on what a few officers bad behaviors have done. Its people like you that want to take a tool out of officers hands that save not only officers lives but the criminals they deal with.
I'm looking forward to see how high this is going to jump by the 2nd.
lol love the video that rocks!!!!
Well I'm only in for about 250.00 not much, but im rooting for us. Alex do u have level 2's and if you wouldn't mind updating on here every once and a while I would really appreciate it.
Thx. well i'm in for a little bit hopefully this keeps moving.
Is there any more volume coming in on this one, i dont have level 2's
Ok I got my shares from Etrade, but its showing that my date acquired is 12/31/69. I'm pretty sure I was just a stain on the sheets at that time. Whats the deal with that?
As far as the divi goes is it better own PLYCF or NWWV and Why? Thanks
WOhoooooooooooooooooooooo!!!!!!!!!!!!!
Then thats good news cause I was happy with what my account was at compared to the last time I looked at it. When are they saying that are PLYCF shares should switch to NWWV share prices? Again thanks in advance.
I'm gonna apoligize for being an idiot, but basically I haven't been watching Plycf since around July. I noticed its back up in my ETRADE but it shows my shares of PLYCF at NWWV prices. Do my shares change to NWWV name eventually or will it stay the name PLYCF. Thanks for the help.
lololololol
Hey anyone want to give me a quick run down of whats going on with Plycf and Nwwv. I have three hundred thousdand shares of PLYCF that I bought at the beginning of 07 but since around July I have been dealing with a Wedding and working. Im so far behind knowing whats going on with these companies. If any one could fill me in it would be greatly appreciated.
Its so funny to still see people posting on here. I keep checking hoping for a PR. Come NWWV tomorrow is the day, I HOPE! I HOPE! I HOPE!
Crap nevermind I didn't realize it had already closed. Million theres always tomorrow.
Million test it out on .015 I have forgotten what that looks like :0)
Thanks for the replies. Even you p2d I got a little chuckle out of it!
Hey, what is the website where u check if a pr has come out? sorry stupid question but I can't remember it.
Just south of Funkytown, but thats what I claim.
It says it on my Etrade account in my performance and value area.
Don't know if this makes a difference at all but I noticed in my Etrade account portfolio PLYCF now shows to be an international stock. It used to be in my Other type of stocks. I hadn't noticed this before and wondering had it been this way for very long?
Not that this has anything to do with Plycf but GSCR was up at one point 1450%. Right now I'm pretending thats what PLYCF did. Don't bother me please I'm taking a nap on my plane.
So what happens when we combine? Does the NWWV and Plycf board combine or is a new bigger and badder board created.
Wohooooooooooooooooo!!!! Did you see that 500 buy!!!!Booya baby