Reserves & Resources - Petro-Victory Energy

Field Profiles

Andorinha Field

Table 1
Working Interest	100% Petro-Victory
Operator Status	Petro-Victory
2021 Audited Reserves	1P – 545,000 BO – PV10 of US$24,235,000 2P – 1,958,000 BO – PV10 of US$82,098,000 3P – 2,948,000 BO – PV10 of US$117,798,000
Asset Status	Producing
Production – BOPD	41 (Q1 2022)
Number of Wells	9 Total Wells 4 Oil Producers 2 Water Disposal Well 1 Temporarily Abandoned Oil Discovery Well 2 Permanently Abandoned Wells
Near-Term Work Program	4 Development wells in 2022

Andorinha Field

Sao Joao Field

Table 1
Working Interest	100% Petro-Victory
Operator Status	Petro-Victory
2021 Audited Reserves	1P - 1,013,000 BO - PV10 US$40,333,000 2P - 1,545,000 BO - PV10 US$62,563,000 3P - 1,874,000 BO - PV10 US$76,593,000
Asset Status	Producing
Production – BOPD	18 (Q1 2022)
Number of Wells	10 Total Wells 3 Oil Producers 7 Temporarily Abandoned Wells
Near-Term Work Program	Workovers on existing wells Late 2022 / Early 2023.

Sao Joao Field

Trapia Field

Table 1
Working Interest	100% Petro-Victory
Operator Status	Petro-Victory
2021 Audited Reserves	1P - 389,000 BO - PV10 US$11,614,000 2P - 522,000 BO - PV10 US$16,006,000 3P - 808.000 BO - PV10 US$24,560,000
Asset Status	Producing
Production – BOPD	4 (Q1 2022)
Number of Wells	5 Total Wells 1 Oil Producer 3 Temporarily Abandoned Wells 1 Permanently Abandoned Well
Near-Term Work Program	Re-enter and test 3 temporarily abandoned wells.

Trapia Field

Alto Alegre Field

Table 1
Working Interest	100% Petro-Victory
Operator Status	Petro-Victory
2021 Audited Reserves	1P - 264,000 BO - PV10 US$8,617,000 2P - 493,000 BO - PV10 US$18,064,000 3P - 784,000 BO - PV10 US$29,113,000
Asset Status	Producing
Production – BOPD	1 (Q1 2022)
Number of Wells	2 Total Wells 1 Oil Producer 1 Permanently Abandoned Well
Near-Term Work Program	Bring existing oil producer online 24/7 and monitor production performance

Alto Alegre Field

POT-T-392

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Subsurface data purchase/loading/evaluation. Rank exploration opportunities. Petrophysical evaluation of existing wells. POT-T-392 was closed on July 30, 2021.

POT-T-392-detail

POT-T-432

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	2 Abandoned Wells
Near-Term Work Program	Subsurface data purchase/loading/evaluation, Rank exploration opportunities, Petrophysical evaluation of existing wells" We announced the completion of this acquisition on May 5th.

POT-T-432-detail

POT-T-434

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Subsurface data purchase/loading/evaluation, Rank exploration opportunities, Petrophysical evaluation of existing wells" We announced the completion of this acquisition on May 5th.

POT-T-434-detail

POT-T-477

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	2 Abandoned Wells
Near-Term Work Program	Subsurface data purchase/loading/evaluation, Rank exploration opportunities, Petrophysical evaluation of existing wells" We announced the completion of this acquisition on May 5th.

POT-T-477-detail

POT-T-478

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	None
Near-Term Work Program	Subsurface data purchase/loading/evaluation. Rank exploration opportunities. Petrophysical evaluation of existing wells. POT-T-478 was closed on July 30, 2021.

POT-T-478-detail

POT-T-519

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	2 Abandoned Wells
Near-Term Work Program	Subsurface data purchase/loading/evaluation Rank exploration opportunities Petrophysical evaluation of existing wells

POT-T-519-detail

POT-T-521

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Subsurface data purchase/loading/evaluation Rank exploration opportunities Petrophysical evaluation of existing wells

POT-T-521-detail

POT-T-564

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	3 Abandoned Wells
Near-Term Work Program	Subsurface data purchase/loading/evaluation Rank exploration opportunities Petrophysical evaluation of existing wells

POT-T-564-detail

POT-T-566

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Subsurface data purchase/loading/evaluation Rank exploration opportunities Petrophysical evaluation of existing wells

POT-T-566-detail

POT-T-650

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Subsurface data purchase/loading/evaluation Rank exploration opportunities Petrophysical evaluation of existing wells

POT-T-650-detail

POT-T-433

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	1 Abandoned Well
Near-Term Work Program	Close acquisition in Q3 2021

POT-T-433-detail

POT-T-476

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	2 Abandoned Wells
Near-Term Work Program	Close acquisition in Q3 2021

POT-T-476-detail

POT-T-606

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	2 Abandoned Wells
Near-Term Work Program	Close acquisition in Q3 2021

POT-T-606-detail

POT-T-652

Table 1
Working Interest	100% Petro-Victory
Operator Status	Operator
Asset Status	Exploration
Number of Wells	None
Near-Term Work Program	Close acquisition in Q3 2021

POT-T-652-detail