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 nineteen (19) licenses totaling 129,524 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

Leadership Group

  • Richard F. Gonzalez
    Richard F. Gonzalez
    Chairman of the Board / Chief Executive Officer

    Richard F. Gonzalez

    Chairman of the Board / Chief Executive Officer

    Mr. Gonzalez founded Petro-Victory Energy, LLC in 2006 and successfully led its Initial Public Offering on July 22, 2014. He has been the Chief Executive Officer for Crescent Global Oil, LLC, an international oil and gas exploration company for the past eleven years. He previously acted as the Honorary Consul of Paraguay. He was a fully registered diplomat with the U.S. State Department and, in that capacity, was a member of the DFW Consular Corp, Group of Latin-American Consuls in North Texas, the Dallas Committee of Foreign Relations (where he remains a member), and the World Affairs Council. He has an extensive history of founding and building successful companies in the oil and gas, telecom and biotech industries.

    Mr. Gonzalez holds a B.B.A. from The University of North Texas. He is the recipient of the 2006 President’s Citation Award from the University of North Texas for his professional achievements, service and support which have brought distinction to the University. He has successfully completed Executive Education at University of Pennsylvania, The Wharton School, Aresty Institute. He served as a member of the Board of Directors for the Chiapas Project, an initiative led by prominent business and civic leaders in Dallas, Texas, dedicated to the mission of alleviating poverty in Latin America by fostering economic independence in women through microfinance programs.

  • Richard Lane
    Richard Lane
    Chief Operating Officer

    Richard Lane

    Chief Operating Officer

    A Geologist by profession, Mr. Lane has experience working for both large independents (Glencore E&P) and oil & gas consultancies (Fugro Robertson Limited, RLS Limited) with a particular focus on Latin America, Africa, and the Middle East. Mr Lane has extensive experience working in the oil and gas industry, a BSc in Geology, and an MSc in Petroleum Geoscience from Royal Holloway, University of London.

    Mr. Lane has a strong subsurface and operational background (including prospect evaluation, new ventures evaluation, seismic acquisition, onshore and offshore drilling, onshore and offshore oil field development, and facilities management), and his responsibilities include managing all aspects of subsurface evaluation, oil field operations, and opportunity identification/evaluation for the company.

  • Mark Bronson
    Mark Bronson
    Chief Financial Officer

    Mark Bronson

    Chief Financial Officer

    As the Chief Financial Officer for Petro-Victory Energy, Mark oversees the banking, accounting, finance, legal work and public reporting functions. Mark also reviews new business opportunities and participates in the related economic evaluation and due diligence. He presently serves as a director of another TSXV exploration company and several private companies, and previously served as a director of a US public oil and gas company. Over the past fifteen years, Mark has served as CFO of two other private companies and CAO of a NASDAQ-traded oilfield pipe manufacturer.

    Prior to that, Mark owned, operated and greatly expanded his own retail and service business for twelve years. During that time, he also taught part-time as an adjunct professor at the Texas Christian University Neeley Graduate School of Business.

    Mark is a CPA with an undergraduate degree from the University of Nebraska and an MBA from Michigan State University. Mark started in public accounting with Arthur Andersen in 1972, and upon admission to the partnership in 1983 he focused primarily on closely-held businesses in a wide variety of industries.

  • Diego Monteiro
    Diego Monteiro
    Brazil Geologist

    Diego Monteiro

    Brazil Geologist

    Explorationist, graduated and MSc. in geology, solid professional knowledge and experience acquired along 12 years in Oil & Gas industry (mostly in International Operator Companies) and achieved a vast knowledge in prospect definition and assets evaluation in different geological contexts around the world. Focused in uncertainty reduction for E&P projects with strong expertise in seismic interpretation and other activities regarding hydrocarbon E&P (such as stratigraphy, structural geology, petrophysics and others). During his professional career supported and participated with the decision takers (Executive Directors and equivalents) in different O&G Exploration and Production projects. During these 12 years, Diego actively works in successful projects within commercial/subcommercial hydrocarbon discoveries and manages an extensive lead portfolio related to different Brazilian and international sedimentary basins.

  • Jose Andrade
    Jose Andrade
    Brazil Controller

    Jose Andrade

    Brazil Controller

    Certified Public Accountant (PUC – Pontifícia Universidade Católica do Paraná), post-graduated in Finance and Controllership from (UFPR-Universidade Federal do Paraná), Mr. Andrade has experience working for large companies, with relevant services provides for the pulp and paper industry. As a controller, specialist in taxation and risk management, he has worked in the largest EPC projects over the last 20 years, such as Veracel, Suzano Mucuri, Suzano Maranhão, CMPC Celulose, Eldorado, Novo Horizonte.

    Also responsible for cash management, tax planning and funding from international and national institutions.

Board of Directors

  • Mark Scruggs
    Mark Scruggs
    Audit - Committee Chairman

    Mark Scruggs

    Audit - Committee Chairman

    Mark Scruggs is the Managing Partner of Hall-Read Holdings, LP a private investment firm with investments in various energy, real estate, technology, and healthcare ventures. He has over 30 years of experience in business and entrepreneurial activities, including seven years in public accounting. He currently chairs the audit committee for Petro-Victory.

  • Jonathon Weiss
    Jonathon Weiss
    Reserves - Committee Chairman

    Jonathon Weiss

    Reserves - Committee Chairman

    Jonathon Weiss graduated from The University of Texas with a B.S. degree in Petroleum Engineering and is the Vice President of Engineering for Dynamic Production, Inc.  He is responsible for all facets of Dynamic’s engineering inclusive of drilling, completion, reserves and economics, regulatory and production. Jonathon has supervised the drilling and completion of over 200 onshore US wells across multiple states in his 35 year career. This includes vertical, deviated, HTHP, re-entry and under/over-balanced horizontal wells to a depth of 18,000’. In addition to his current role as Vice President of Dynamic Production, Jonathon is named co-inventor of several USPTO patents and patent applications.

  • George Burch
    George Burch
    Compensation - Committee Chairman

    George Burch

    Compensation - Committee Chairman

    George Burch is currently president of TCL International, Inc developing projects in Latin America. He was Vice President of Sedco Inc.’s Oilfield Construction Division and Sedco’s Energy Division – both of which operated globally. He founded and was CEO of service companies that operated in support of the international oil and gas industry logistics, oilfield & marine fabrication (through UAE based subsidiaries), inspection, and exploration.

  • Chuck Cotter
    Chuck Cotter
    Governance - Committee Chairman

    Chuck Cotter

    Governance - Committee Chairman

    Charles H. Cotter is the General Partner of the Fifteen Talents LP a private equity investment firm who is a significant shareholder of Petro-Victory. From 2008-2012, Mr. Cotter was the founder and CEO of Biomass Energy Resources which developed proprietary torrefaction and densification technology coupled with a supply chain to produce and supply biomass-based Renewable Coal Replacement Fuel to coal-fired power plants in Europe. Prior to founding Biomass Energy Resources, Mr. Cotter was the Vice President of SAP’s Global Alliance Accounts focusing on their global integrated oil & gas customers. Currently, Mr. Cotter is a sales executive at Workday Inc. responsible for targeted Fortune 500 pursuits and has served as an advisor to Workday Ventures investment portfolio companies.

  • T. Lynn Bryant
    T. Lynn Bryant
    Reserves & Compensation Committee

    T. Lynn Bryant

    Reserves & Compensation Committee

    Mr. Bryant is a significant investor in Petro-Victory and as he contributes over three decades of mature and exploratory oil field development experience. Currently, Mr. Bryant is the CEO of Ridge Petroleum Inc which he founded in 1987 as an independent operator of more than 200 wells in the United States and Canada. Prior to founding Ridge Petroleum, Mr. Bryant was production operations engineer with Carless Resources subsequent to serving as a district engineer at J-W Operating Company. Mr. Bryant is a graduate of Texas Tech University with a Bachelor of Science in Mechanical Engineering.

    • Bachelor of Science Mechanical Engineering 1979, Texas Tech University.
    • Mechanical reliability engineer, Eastman Kodak, 1979-1982.
    • District Engineer, J-W Operating Company. East Texas, 1982-1985.
    • Production operations engineer, Carless Resources, 1985-1987.
    • Formed predecessor to Ridge Petroleum Inc. 1987 and became independent operator, drilling and/or participating in over 200 wells over next 30 years in U.S. and Canada.

Milestones

JULY

  • 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
  • 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 Andorhina Operatorship

OCTOBER
Lagoa Parda and Esprito 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