Petro-Victory Energy (TSE:VRY) has released an update.
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Petro-Victory Energy Corp. has successfully completed a workover of the SJ-06 well in the São João field, Brazil, adding 8.3 meters of oil pay and achieving an initial test production rate of 228 barrels per day. The well’s total proved reserves are estimated at 69 thousand barrels, with proved plus probable reserves at 134 thousand barrels. This development is part of the company’s strategy to enhance oil production through disciplined investments in high-impact, low-risk assets.
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