VRY - Petro Victory Energy Corp

Petro Victory (CVE: VRY) shareholders are awaiting a major news release related to well testing currently being completed on the Lapacho well in Paraguay. This could be a major breakthrough and result in the first major commercial oil/gas production in Paraguay. Today, VRY was on the list of top % gainers on the Venture Exchange. Hydrocarbons were reported during drilling.

Potential for huge gains after the next news release - could be a great start to 2015.

http://www.newswire.ca/en/story/1461...ing-to-testing

This is a great play...here is a reprint from August...Danny Deadlock..the project has since been de risked even further ...

Upcoming results should be mind blowing if confirms any of this....

PART (2) - Response to my concerns from someone who has intimate knowledge of this play

Danny, I agree with some of your assessment of VRY, but I would like to highlight some facts;

- the cheapest paper in the market is $0.40 cents (IPO)

- the 2 Principles (insiders) own 82% of the common shares (pre-financing) - and the balance 18% is owned by management and associated family.

- THERE ARE ZERO nominal shares in the float.

- there is no question that this is a high risk play. It's a risk-reward scenario and the reward is spectacular if successful (based on engineering numbers).

- Re: engineering; the companies spent in excess of $25MM de-risking the project between 2D - 3D and petro physical work lead by Dr. Richard Hubbard ( Previous head of Global exploration for BP)

- the first well has been drilled and they have achieved "Proof of concept". Confirming a large Hydrocarbon system and it is Charged.

- Risk is now to find the producing Zones/sands.

- Post 1st well, they have confirmed by Logs - structure- Maturity etc. that the prolific Monpos structure in Bolivia (short distance) exists and is analogous in Paraguay (wells in this play type in Bolivia are 100MM - 200MM Cubic Ft/d)

- 2nd well; La Pacho - this is the well of wells as the science has confirmed the charge, porosity, saturation, and source rock. La Pacho is a massive 4 way closure up dip from Jacaranda. (5.2 TCF - 150 MMBO Condensate.

- Best fiscal terms worldwide - 10-12 PCT Royalty all in.

- RISK; Reservoir - Producibility.

- REWARD similar to Africa Oil Corp. who now have a $2 Billion market cap from a small fraction of that three years ago.

Danny, most high profile accounts/funds called it the best high beta/ low risk exploration play they have seen in over a decade. There is significant risk, but the play is in its infancy and the Super Majors are swimming around already.

Further, because VRY was Carried up to $60 MM by President Petroleum - they will exit well 2 all in with still in excess of $12 MM in cash.

Yes, high rIsk, but Zero cheap shares and MANY investors cut big checks into the deal including Canacol ($5MM).

It’s an honest high profile shot

AWESOME INFO IN THESE POSTS..!!!

lapacho - (11/18/2014 4:20:12 PM)
Questions Questions
Quote: "Whilst at this stage it is too soon to state a discovery has been made before a full evaluation is done, there is evidence which gives President encouragement in this regard" To me, this seems to me that they think they might have a discovery (whether commercial or non commercial who knows ?). They then go on to say "including", but is there some other "evidence" they have not elaborated on ? Quote: "including constant background gas ranging from 3% to over 12% in the circulated drilling mud to surface throughout the drilling of the hole, an operation which is currently continuing". They are drilling and have not evaluated anything with any equipment. They consider the drillbit to be "drilling a series" (more than one) "of gas or gas/condensate sands". "constant background gas ranging from 3% to over 12% (formation getting more pressured resulting in slower drilling ?). They are at 4,490m with an estimated 110m yet to drill to the base of the Santa Rosa formation. The Jacaranda result above the Santa Rosa had backround gas levels of 5% recorded during drilling (Trip gas exceeded 50%). In the then following phone-in/presentation on Jacaranda at 6:10 minutes in, Richard Hubbard explained the background gas at 5% and the trip gas at 50%. Richard Hubbard Quote: "We were very close to having a flowing well on our hands". Question is, I wonder how does the Lapacho well with background gas reaching 140% higher than Jacaranda now compare ?

stampede1 - (11/18/2014 5:05:24 PM)
RE:Questions Questions
Excellent questions lapacho;

The quick answer is they have found a giant, but cannot say that until they have completed the sidewall coring and analysis along with flow tests to support their statement.

Trip gas is traditionally unreliable; mud gas logging is better, best is sidewall coring and direct flow testing. The last two cannot be done until they reach TD.

Where did you hear "formation getting more pressured resulting in slower drilling?" Slower drilling will have a direct impact on mud gas levels.


Stampede

And of course for in depth look at the project etc please take a SERIOUS LOOK at the company websites:

Fascinating history...potential...

http://www.petrovictoryenergy.com/

and our operating partner President Energy

http://www.presidentenergyplc.com/


And a great video by our leader Peter Levine

(you may want to some DD on Mr L and see how he has made fortunes for his shareholders previous to this play)

https://www.youtube.com/watch?v=pddXDFFLil0

How serious and game changing is this play...

enough to warrant a coup?

WikiLeaks: Paraguay's "Quasi-Coup" Has the Smell of Oil
Posted: 08/10/2012 9:23 am EDT Updated: 10/10/2012 5:12 am EDT

http://www.huffingtonpost.com/nikola...b_1762669.html


Happy reading....this could be one of the biggest finds in a decade....news in days....

And of special interest to USA followers...with Jeb comin to the office soon continuing the family power structure...

Please note that this property is adjacent to our concession...spit sunflower seeds across the fence..so close...

There are big big players in this one folks...

http://www.bibliotecapleyades.net/so...pol_bush53.htm


The Bush' and our CEO Richard F.Gonzalez are good ole Texas buddies..

Paraguay
The Honorable Richard Francis Gonzalez
Honorary Consul of Paraguay
3103 N. Beach Street
Fort Worth, TX 76111
Telephone: 817-222-2223

Gonzalez was appointed the Honorary Consul of Paraguay for Dallas in 2007 and is a U.S. Department of State-accredited diplomat

Thank you George!