About Petro-Victory

Petro-Victory Energy Corp. is a publicly traded oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. Petro-Victory holds working interests in thirty-eight (38) licenses totaling 257,604 acres in two (2) oil producing basins in Brazil.  Petro-Victory’s strategy is to produce substantial returns to our shareholders by building an on-shore upstream asset acquisition and development company focused on disciplined investment in high potential, low-risk assets.

Petro-Victory Energy Corp. was incorporated under the BVI Business Companies Act, 2004 (British Virgin Islands) on May 20, 2014. The British Virgin Islands were selected for the Company’s domicile based on favorable business laws, tax laws, and relationships with Canada, the United States and most Latin American countries.

Initiating our Brazilian operations in 2017, Petro-Victory has acquired a well-rounded portfolio of under-developed on-shore assets across four proven basins.  Our business strategy is simple:

  • Acquire assets that are under-valued
  • Assess, analyze, and update the geological and geophysical analysis
  • Develop independent auditable reserve reports
  • Develop and execute drilling and work programs that maximize near and long-term production
  • Methodically grow our low-cost and high margin production
  • Methodically grow our proven reserves
  • Convert under-developed assets into high-value and high-margin production

Milestones

APRIL

  • 98% increase in Independently Certified 2P Reserves of 4.518 Million Barrels of Oil and PV10 Valuation of CAD$223,432,500 (USD$178,730,000)
  • Acquired 19 Oil Blocks Increasing Brazil Portfolio to 257,604 Acres (1,042 km2)
  • ESG initiative and signs contract to build Solar Project at the Andorinha Oil Field
  • Sign Drilling Rig Contract for 2022 Multi-Well Program

MARCH

  • Received Development Drilling Permits and Advances Drilling Program in Brazil

FEBRUARY

  • 2022 TSX Venture 50 Winners Virtually Open the Market
  • $11CAD Million Private Placing

SEPTEMBER

  • Closure of a New US$5 Million Secured Debt Facility

AUGUST

  • Acquired remaining 50% working interest and full operation of the São João oil field adding 787,00 2P BO Reserves and PV10 value of $25 million

JULY

  • Appointed T. Lynn Bryant to the Board of Directors
  • Appointed Gneiss Energy in the United Kingdom as our exclusive investment advisor.

APRIL

  • 1st Certified Reserve Report, 2.8 Million 2P BO

NOVEMBER
Assumed Andorinha Operatorship

OCTOBER
Lagoa Parda and Espírito Santo Divestment to ENP - 5X Return.

SEPTEMBER
Sao Joao Field SJ-06 Well Online

AUGUST
Qualification for Petrobras "Gondwana" Divestiture

MAY
Sao Joao Field Brought Online

OCTOBER
4th Acquisition - 3 Fields Petrobras Divestment

SEPTEMBER
3rd Acquisition - 16 Blocks ANP Auction Potiguar Basin

AUGUST
ANP Qualified Type-C Operator Onshore

APRIL
Binding Bid Petrobras Divestment

FEBRUARY
Non-Binding Bid Petrobras Divestment

OCTOBER
2nd Acquisition 5 Blocks

SEPTEMBER
1st Acquisition 4 Field Farm-In

APRIL
Brazil Subsidiary Formation