Independent,
growth-oriented oil and gas company Victory Energy is committed to creating
long-term shareholder value through increasing oil reserves, lowering costs,
boosting production volumes, and shrewdly managing the capital on its balance
sheet.
Victory Energy has
its geographic focus onshore and its chief emphasis on the Permian Basin of
Texas and southeast New Mexico. The company is engaged in growing proved
reserves and cash flow through continued development of its existing
properties, as well as through the acquisition of new resource properties.
Part of Victory
Energy’s business plan is to source new capital to facilitate its continued
growth, through ongoing utilization of an established investor pipeline that is
available through Aurora Energy Partners and other third-party resources.
Strategically
leveraging both its internal capabilities and its strategic industry
relationships, Victory Energy pursues the acquisition of non-operated working
interest positions in low- to moderate-risk oil and gas prospects. The
company’s focus is on oil or liquid-rich gas projects within longer-life
reservoirs that provide competitive finding and development (F&D) costs per
barrel of oil equivalent (BOE).
In recent company
news, Victory Energy announced on Nov. 12, 2013, that it is on pace to double
in size for the 2013 fiscal year and to do so again very quickly with its
currently held properties in the Permian Basin. Undiscounted proved reserves
are expected to surpass $6.6 million for the 2013 reporting period, delivering
a substantial impact to the company’s current and future revenue.
Please see
disclaimer at http://www.qualitystocks.net/disclaimer.php#vyey
For more
information, visit www.vyey.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment