#Brazil #Petro-Victory #Rio Grande do Norte #AND-5 #Andorinha Field

Overview of AND-5 Well Drilling Operations

On July 9, 2025, Petro-Victory Energy Corp. (TSXV: VRY) announced the successful completion of drilling operations for the AND-5 well, situated in Brazil's Andorinha Field, Potiguar Basin, Rio Grande do Norte. This venture, conducted alongside its partner Azevedo Travassos Energia (ATE), exemplifies the company's growth trajectory in the oil and gas sector.

Drilling Process Details

The drilling phase commenced on June 25, 2025, and concluded on July 5, 2025, reaching a total depth of 1,165 meters. Utilizing the Drake-2 onshore hydraulic rig, the team navigated through various sedimentary rock sections before hitting the basement rock. Halliburton provided essential wireline logging services during the operation, which is pivotal for assessing the well's characteristics.

Findings and Analysis

A preliminary petrophysical evaluation identified 13 meters of net pay across four oil-bearing intervals, determined using a salinity cut-off of 3,500 ppm. The identification of these productive intervals is encouraging for future operations and supports Petro-Victory’s strategic objectives in Brazil. The technical team is currently analyzing the acquired logs and data to enhance the understanding of this promising reservoir.

Upcoming Steps

Following the successful drilling and logging phases, Petro-Victory plans to mobilize a completion rig next. This next phase includes acquiring special saturation logs which will further evaluate the well's productive capacity. After this initial assessment, the team is set to conduct well testing and complete the necessary preparations to tie the AND-5 well into the Andorinha Collection Station, thus paving the way for production.

About Petro-Victory Energy

Petro-Victory Energy is committed to the acquisition, exploration, and production of oil and natural gas within Brazil. Currently, the company holds 100% interests in 38 licenses, covering an area of 257,604 acres across two producing basins. With a focus on disciplined investments in high-impact, low-risk assets, Petro-Victory aims to enhance shareholder value and solidify its operational footprint in the robust Brazilian energy market.

Conclusion

The completion of the AND-5 well drilling marks a significant milestone for Petro-Victory Energy, aligning with the company's broader operational strategy to expand within the South American oil market. The operational success not only reflects the technical capabilities of Petro-Victory but also underscores its potential for achieving further growth and productivity in the region. As the company prepares for the next phases, including well testing and production tie-ins, the industry watches with interest the developments emerging from this strategic initiative.