Petro-Victory Energy Initiates Fully-Funded Drilling in Potiguar Basin, Brazil

Petro-Victory Energy Begins Drilling Campaign in Brazil's Potiguar Basin



In an exciting development for the oil and gas sector, Petro-Victory Energy Corp. (TSXV: VRY) proudly announces the start of its fully-funded drilling campaign for the AND-5 well at the Andorinha Field, situated within the Potiguar Basin in Rio Grande do Norte, Brazil. This initiative marks a crucial phase for the company, reinforcing its commitment to expanding its footprint in onshore Brazil.

The drilling campaign commenced on June 20, 2025, following a strategic partnership formed with Azevedo Travassos Energia (ATE), previously disclosed in a press release dated June 24, 2024. The AND-5 well is particularly significant as it is the first of two entirely funded projects in the Andorinha field. The primary objective of this well is to target the Açu and Alagamar formations, aiming for an approximate total depth of 1,177 meters.

Petro-Victory Energy remains committed to providing updates, ensuring stakeholders are informed of the progress and outcomes of this drilling initiative. With its extensive portfolio, the company is strategically positioning itself to harness the potential of the Brazilian onshore oil and gas market.

About Petro-Victory Energy Corp.


Petro-Victory Energy is an oil and gas exploration and production entity focused on the acquisition, development, and production of crude oil and natural gas in Brazil. The company's operational portfolio encompasses 49 concession contracts, representing 276,755 acres of land, in addition to six other concessions spanning 19,074 acres jointly owned with BlueOak in Capixaba Energia. Through prudent investments in high-impact, low-risk endeavors, Petro-Victory aims to deliver sustainable value for its shareholders. The company's shares are traded on the TSX Venture Exchange under the ticker symbol VRY.

Future Prospects


As Petro-Victory Energy moves forward with its drilling operations, the company aims not only to increase production capacity but also to solidify its market position amid fluctuating global oil prices and economic uncertainty. The strategic choice to pursue drilling in the Potiguar Basin is driven by the region's known geological potential, which could offer robust returns on invested capital.

However, the company acknowledges several forward-looking statements surrounding the drilling and completion timelines. Factors such as labor availability, drilling equipment logistics, capital investment timing, and market conditions will play critical roles in the success of this drilling campaign.

Risks and Considerations


Petro-Victory has identified inherent risks associated with exploration and production within the oil and gas sectors. Issues such as market volatility, regulatory changes, and the complexities of engaging with foreign governments can impact operations. The company encourages prospective investors to exercise caution and conduct due diligence when evaluating forward-looking statements and operational outlooks.

Conclusion


With the commencement of the drilling campaign in the Potiguar Basin, Petro-Victory Energy stands at the threshold of significant growth and opportunity. Investors and industry stakeholders alike will be keenly watching developments in the weeks and months to come as the AND-5 well drilling progresses. As updates become available, the company is poised to demonstrate its capabilities in maximizing resource potential while ensuring responsible operational practices.

Topics Energy)

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