Thursday, January 23, 2014

Victory Energy Corp. (VYEY) Maintains Rigorous Acquisition Target Standards for Stronger Growth Potential

Victory Energy is an independent, growth-oriented oil and gas company with operations based in the American Southwest. The company seeks to develop proven assets and cash-flows through a combined business strategy of continuing development of existing asset holdings and acquisitions of new, promising resource properties. Working together with Aurora Energy Partners, it is focusing on oil or liquid-rich gas projects within longer-term reservoirs. The company’s acquisition goal consists of targeting non-operated working interest positions in low-risk and moderate-risk oil and gas asset prospects.

Currently, Victory Energy’s geographic focus is centered on onshore prospects, primarily located within the Permian Basin of Texas and southeast New Mexico. The company is aiming for long-term sustainability through cost minimization, greater amounts of oil reserve holdings, increased production volume, and responsible capital management. For its acquisition targets, Victory Energy has developed and maintains rigorous standards which an acquisition prospect must fit. These include:

•           Minimal prospect promotion attempts toward Victory Energy
•           Geological review of the site prospect by Victory Energy and/or one of its third party service providers
•           Requirement for the reserve operator to have an established track record and a team of management, geologists, engineers, and service providers with a history of working together on sites with similar characteristics.
•           Requirement for the site operator to possess a significant portion of the working interest
•           Requirement for the property to be surrounded by industry-leading energy resource exploration & production companies.
•           A requirement for the return of investment capital in less than 24 months, with a preference within the space of 12 months

Behind the implementation of this growth strategy and the company’s continuing commitment to rigorous standards is an experienced management team with 120 years of cumulative experience in oil and gas exploration efforts. Leveraging this team’s insights gained from its experience in executive management, oil and gas legal advisement, finances, accounting, land management, oil and gas exploration and development, and operational finessing, Victory Energy is positioning itself for stronger long-term growth potential, as oil and gas production continues to be projected to increase.

For more information, visit: http://www.vyey.com


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