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Petro-Victory Energy ( (TSE:VRY) ) just unveiled an announcement.
Petro-Victory Energy Corp. announced the successful conclusion of drilling operations for the AND-5 well in the Andorinha Field, Brazil. The well reached a depth of 1,165 meters, revealing 13 meters of net pay across four oil-bearing intervals. The next phase involves mobilizing a completion rig for further testing and preparation for production, which is expected to enhance the company’s operational capabilities and strengthen its position in the Brazilian oil market.
More about Petro-Victory Energy
Petro Victory Energy Corp. is involved in the acquisition, development, and production of crude oil and natural gas resources in Brazil. The company holds 100% operating and working interests in 38 licenses across two producing basins in Brazil, focusing on high-impact, low-risk assets to generate shareholder value.
Average Trading Volume: 8,248
Technical Sentiment Signal: Sell
Current Market Cap: C$21.4M
Learn more about VRY stock on TipRanks’ Stock Analysis page.
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