Victory Energy (VYEY)

[zagdad]

BMiles, just catching up with two days worth of posts - first thanks for the great work and details on your thoughts.

Unless I missed it I don't see anyone putting possible numbers for the portion of the POSSIBLE (that's for lowman...LOL...wonder if I could use PROBABLE?) oil discovery and reserves. As most know, while the gas side of the equation on Mesa gets most of the play EDEX and friends are extending their drilling to also look for a big puddle of oil they believe has been ID'd. IF that were to prove true then we could be talking about a gross 900M bbls of oil to spread the wealth on also - my rough calcs at $60/ brought it to near the same value as the 1T of gas. Nice!! Also give us a two for one shot when we dig this hole...I like it. Sorry if someone has included that already but too many posts to go back over.

On the TRSI/VTYE my best understanding of the situation I believe was briefly covered by one of the posts - TRSI has bought in to the partnership/JV like often happens to spread the costs so if and when they chose to go forward TRSI will bring money to the table and be a partner. The initial lease action will likely under go further qualification before a final commitment is made and in that neighborhood not much can happen throught the winter months bcause of weather and game situation best I can understand. I also beleive that this opportunity came to VTYE via Chuck Laser, a internationally known wildcatter - check him out on Google - who conslts to VTYE, which gives it an potential edge in my book.

Also it is nice to remember they are a fully reporting company - don't always like what we see but is nice to see what's really going on these days in any case.

Some great posts - thanks to all....

zagdad