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Petro-Victory Energy ( (TSE:VRY) ) has shared an announcement.
Petro-Victory Energy Corp. has announced the start of its fully-funded drilling campaign for the AND-5 well in the Andorinha Field, located in Brazil’s Potiguar Basin. This initiative is part of a strategic partnership with Azevedo & Travassos Energia and targets significant formations at a depth of approximately 1,177 meters. This development is expected to enhance Petro-Victory’s operational capabilities and strengthen its position in the Brazilian oil and gas market.
More about Petro-Victory Energy
Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The company manages a portfolio of 49 concession contracts covering 276,755 acres, with additional interests in joint ventures. Petro-Victory focuses on high-impact, low-risk assets to deliver sustainable shareholder value and trades on the TSX Venture Exchange under the ticker symbol VRY.
Average Trading Volume: 4,339
Technical Sentiment Signal: Sell
Current Market Cap: C$14.41M
For an in-depth examination of VRY stock, go to TipRanks’ Overview page.