Why did Fullofcrap announce that Victory bought the remain 50% Working Interest in these 3 wells, seeing that the first six wells we acquired stopped reporting any sale of Gas since July????
FullofBS....why has Dial stopped delivering Gas to the Gatherer??? What did you do to piss the Crook Dial off???
Did you tell the Institutional Investment Group that they bought interest in these wells that are now not reporting ANY Gas production???
How long do you think you can run this scam???? How many millions of unreported shares of Victory stock have you sold???
I will not stop hounding you until you are brought to JUSTICE.....you are a CROOK and a COWARD.
Where and When is out Shareholder Meeting???? Are you afraid to face the shareholders you have RIPPED OFF AND RAPED????
2008-10-08
Victory Energy Acquires Additional Gas Production
Oct 8, 2008 -- Victory Energy Corporation (OTC BB:VYEY.OB - News) announced today it has acquired the remaining 50% ownership in three (3) term assignments containing three (3) producing Canyon Sandstone gas wells located in Victory's Canyon Sandstone Gas play in the Texas Permian Basin.
The Corporation has finalized the purchase of the remaining ownership interest in the Adams 127-11, Adams 127-12, and the Adams 127-13 gas wells located in Crockett County, Texas.
Funds for the transaction were provided by a private institutional investment group in exchange for a portion of Victory's interest ownership in each term assignment. Currently Victory maintains 15% of the interest ownership until such time the revenues have paid back the original investment, then Victory's interest ownership will increase to 25%.
"The initial ownership interest in these three (3) gas wells was completed at the beginning of this year when the Corporation purchased 50% ownership in six (6) Canyon Sandstone gas wells. We will finalize the purchase of ownership in the remaining three (3) gas wells over the course of the next four months," stated Jon Fullenkamp, President of Victory Energy Corporation.
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