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.
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