Victory Oilfield Tech, Inc. (VYEY)

[SweetBlackCrude]

"Victory Energy had well output terminated June of 2008, (or months prior?) on Victory Energy wells. The turn off of production lasted for many months. The wells were purchased (or leased) from Jim Dial (1st Texas Natural Gas, Inc, Universal Energy Resources, Inc, Universal Energy Holdings, Inc, Precision Drilling & Exploration), with Jim Dial providing the drilling services also, for a fee. VYEY owed for the drilling services and had not paid Jim Dial (fees that the well investors believed were covered in their investment). Jim Dial placed a lien on the wells/contracts and well production halted for a long time. According to the SEC, this is a very serious activity which should have been reported to the shareholders since these wells are the only source of revenue for VYEY. Investors were unaware of this shut down of Victory processes"