Victory Energy Corp. (VYEY) Executes Production to Profitability Strategy

Victory Energy Corp. is an independent, growth-oriented oil and gas company focused on growing proved reserves and cash-flow via the continued development of existing properties and the acquisition of new resource properties.

Through its partnership with Aurora Energy Partners, Victory Energy continues to build a portfolio of non-operated working interests in oil and gas prospects, which are primarily on the Permian Basin of Texas and southeast New Mexico. The company’s strategy is to continue diversifying those non-operated and operated interests by targeting additional prospects that offer land positions large enough for multiple well drilling programs and significant Proven Undeveloped Reserve (PUD) opportunities.

As part of its production and profitability plan, Victory Energy will be targeting investment in larger working interest projects that are weighted toward oil and high-Btu natural gas. This approach of increasing its economic interest should allow the company to realize economies of scale, cost efficiencies and, thus, improve returns.

In order to further this objective, Victory is managing its cash G&A expenses, while pursuing additional properties that add revenue at competitive F&D costs per BOE. Lower expenses and additional capital will give Victory the flexibility to invest in developing its current proven undeveloped, possible and probable reserves. Its increased use of in-house and third-party technical and geological capabilities will also help generate additional oil and gas prospects with improved working interest positions.

To support their goals of expanding reserve opportunities and growing the business, Victory Energy has put into place a highly experienced management and technical team with over 120 years of combined and relevant experience. Management is continuing to build outside relationships with established E&P operators, geologists, and engineers who provide access to quality opportunities and the specific expertise needed for continuing success in the resource plays on which the company is focused.

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