#Brazil #Petro-Victory Energy #São João Field #SJ-12 #São João

Petro Victory Energy Announces Successful SJ-12 Well Results

Petro Victory Energy Corp., known for its operations in the oil and gas sector, is celebrating a significant milestone with the recent results from the SJ-12 well located in the São João Field within the Barreirinhas Basin of Brazil. As of April 28, 2026, the company revealed a successful drilling operation that signifies robust hydrocarbon potential in this promising region.

Highlights of the SJ-12 Well

The SJ-12 well demonstrated remarkable outcomes, encountering approximately 280 meters (about 918 feet) of gross interval filled with hydrocarbon-bearing sections. These sections were traced across five distinct prospective zones within the Bom Gosto - Arpoador formation. Notably, the well revealed 72 net meters (approximately 236 feet) of hydrocarbon pay identified primarily as gas, further substantiated through meticulous wireline logs and thorough petrophysical analyses. Additionally, signs of oil were observed with 45 meters (around 147 feet) of hydrocarbon shows, notably in the shallower formations such as Barro Duro - Tutoia.

The drilling results are far beyond expectations and align with the company’s development goals for the São João Field. According to Richard F. Gonzalez, CEO of Petro Victory Energy, the SJ-12 well not only confirms a robust and active petroleum system but also unveils substantial stacked pay potential, fostering confidence in the long-term value creation of the field.

Detailed Examination and Reservoir Insights

Drilled to a total depth of 3,180 meters, the SJ-12 well tapped into both the Barro Duro - Tutoia and Bom Gosto - Arpoador formations. The integrated petrophysical interpretations and comprehensive formation testing programs led to the identification of five net pay zones, reinforcing the presence of a stacked gas reservoir system that indicates a compelling total net reservoir thickness of 125 meters, highlighting a net hydrocarbon pay of 72 meters across a gross interval of 280 meters.

Technical Evaluations: Logging and Sampling

A thorough open-hole wireline evaluation was carried out, which included varied logging techniques like resistivity, density, neutron, and sonic logs, complemented by RDT formation testing and advanced sidewall coring techniques (MSCT). The data gathered supported the identification of continuous gas pressures indicating favorable mobility, with gas samples collected at measured depths of 2,682.4 and 2,975.3 meters showing ideal characteristics for gas-phase hydrocarbons suggesting economic viability.

Operational Excellence

The operation was executed using a sophisticated rack-and-pin drilling unit, catering to a substantial hook load of 551,000 pounds. The successful completion of the SJ-12 well marks a significant achievement in Petro Victory's operational agenda, and subsequent logging operations led to the installation of 4½-inch production casing, ensuring readiness for future extraction.

Future Development Prospects

The results from the SJ-12 well not only affirm Petro Victory’s initial narrative regarding strategic extraction methodologies within the São João Field but also pave the way for an in-depth testing program aimed at assessing the well's true potential comprehensively. The planned testing campaign is expected to yield progressive insights into the well's functionality and future development timelines, which will be shared in due course.

About Petro Victory Energy Corp.

Petro Victory Energy Corp. is deeply entrenched in the acquisition, development, and production of oil and gas resources across Brazil. The company’s strategic portfolio encompasses 31 concession contracts covering 210,583 acres, alongside joint ventures in Capixaba Energia. Committed to sustainable value generation through calculated investments, Petro Victory's common shares feature on the TSX Venture Exchange under the ticker symbol VRY.

Through the auspicious announcements from the SJ-12 well, Petro Victory Energy is poised to bolster its market position and deliver substantial value to its stakeholders in the evolving energy landscape of Brazil.