Petro-Victory Energy Corp. is an oil and gas exploration and production company engaged in the acquisition, development, and production of crude oil and natural gas resources in Brazil. The company holds 100% operating and working interests in 38 licenses totaling approximately 257,604 acres across two Brazilian basins: the Potiguar Basin in Rio Grande do Norte and the Barreirinhas Basin in Maranhão. Petro-Victory operates six producing wells and maintains proven and probable reserves of approximately 6.9 million barrels of oil, with identified prospects focused on high-impact, low-risk assets. The company benefits from favorable geology, including 35+ API crude oil and Brent-linked pricing, along with SUDENE tax incentives offering a 75% reduction in federal corporate income tax. Founded in 2006 and headquartered in Dallas, Texas, Petro-Victory is led by a seasoned management team with significant board and management ownership, having invested $20 million in equity in Brazil. The company trades on the TSX Venture Exchange under the ticker VRY and pursues disciplined investments to deliver sustainable shareholder value.
Markedsdata leveret af TwelveData og Morningstar