Petro-Victory and Blue Oak Investments Unite for Latin American Exploitations

Petro-Victory Energy's New Alliance with Blue Oak Investments

In a significant move for the oil and gas sector, Petro-Victory Energy Corp. (TSXV: VRY) has announced a strategic partnership with Blue Oak Investments aimed at acquiring exploration and production assets in Brazil and Latin America. This collaboration is expected to drive growth and streamline operations within the industry, taking advantage of both companies' unique strengths.

The Formation of a Special Purpose Vehicle (SPV)

With the signing of a term sheet, Petro-Victory and Blue Oak will establish a Special Purpose Vehicle (SPV) dedicated to the acquisition of oil and gas resources in the region. Under this agreement, Blue Oak will supply the necessary capital while Petro-Victory will oversee the operation and development of the assets acquired. This structure is designed to ensure an equitable ownership participation, fostering a beneficial partnership for both parties.

Blue Oak, a renowned investment firm with 70 years of experience, specializes in sectors such as oil, gas, and energy, making it an ideal partner for Petro-Victory, which has established itself in the Brazilian market. The firm’s expertise in financial markets and its robust transaction history position them well to support Petro-Victory’s operational ambitions.

Insights from Leadership

Richard F. Gonzalez, CEO of Petro-Victory Energy, expressed his enthusiasm about the strategic alliance, emphasizing that it aligns with the company’s mission to enhance shareholder value through low-risk, high-impact investments. Gonzalez stated, “We are proud to join forces with Blue Oak in this transformative partnership. Their strong capital position to finance acquisitions and extensive experience in structuring oil and gas transactions, combined with our operational excellence and deep industry knowledge, positions us to drive meaningful growth and unlock significant value.”

On the other hand, Meton Morais, Founding Partner at Blue Oak, echoed this optimism stating, “We are very pleased to establish this relationship with Petro-Victory, a distinguished organization with a world-class team, as we work together to explore promising opportunities in Brazil and Latin America.”

Overview of Petro-Victory Energy Corp

Petro-Victory specializes in the acquisition, development, and production of crude oil and natural gas resources in Brazil. The company holds an impressive portfolio with interests in 38 licenses covering approximately 258,000 acres across two producing basins in the country. By focusing on disciplined investments, Petro-Victory aims to create accretive shareholder value, showcasing its commitment to leveraging local resources effectively.

Looking Ahead

As Petro-Victory and Blue Oak venture into this new chapter together, they are set to tap into significant opportunities within the energy sector of Latin America. The partnership promises not only enhancement of operational capabilities but also strategic investment in the region's energy landscape. With both synergistic entities combining financial prowess and operational insight, the expectation is for substantial contributions towards the growth of the oil and gas industry.

Conclusion

The alliance between Petro-Victory and Blue Oak Investments signals an exciting evolution for the oil and gas sector in Brazil and beyond. As they work collaboratively to explore and acquire new assets, both companies are well-positioned to capitalize on emerging opportunities, offering a glimpse of a dynamic future in energy in Latin America. This partnership not only stands to benefit the involved parties but also holds transformative potential for the regional economy.