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Petro-Victory Energy's Strategic Moves in Brazil

In the ever-evolving landscape of the oil and gas industry, companies must adapt and make astute decisions to thrive. Petro-Victory Energy Corp. (TSXV: VRY), a company committed to exploration and production, is making significant strides in onshore Brazil by engaging in transformative partnerships and acquisitions that promise not only to enhance their growth but also to create substantial shareholder value.

Significant Milestones Achieved

Over the past year, Petro-Victory has marked key milestones that underline its commitment to growth in the Brazilian market. According to CEO Richard F. Gonzalez, the company has successfully formed strategic alliances and development agreements that enhance its position in Brazil's rich oil and gas sector. This strategy reflects years of dedicated effort from the company’s experienced management team and board members.

These developments come at a time when the global oil market faces macroeconomic uncertainties, making Petro-Victory's capital partnerships even more vital. The company is now poised to maximize the potential of its portfolio, generate free cash flow, and deliver substantial growth for its shareholders.

A Focus on Strategic Partnerships

The recent acquisition of Capixaba Energia serves as a testament to Petro-Victory's effective partnership-driven growth model. While many legacy producers opt to scale back amid volatility, Petro-Victory is setting an aggressive pace. The acquisition of Capixaba Energia, partially funded by a strategic alliance with BlueOak Investments, highlights a robust joint venture model designed to unlock value and explore accelerated merger and acquisition opportunities across Brazil's onshore sector.

Key highlights of this partnership include:

• - Establishment of a strategic partnership with BlueOak Investments, facilitating the financing of the Capixaba Energia acquisition, which creates a strategic growth hub for the company.
• - Entering a development agreement with Eneva, one of Brazil's foremost energy operators, to ensure a fully funded commitment for exploration and development in key areas.
• - A partnership with ATE to fully fund the drilling and completion of two in-field wells, demonstrating a commitment to unlocking the full potential of Brazil's oil and gas reserves.

Unlocking New Opportunities

The acquisition of 13 oil-producing fields from Brava Energia S.A., adjacent to existing concessions, positions Petro-Victory to significantly boost its production capabilities. The fields, located in the Potiguar Basin, present a substantial opportunity with proven reserves.

The development plan includes:

• - A fully funded workover and drilling campaign in the Espirito Santo Basin for 2025.
• - A significant focus on exploring the resource potential in the Pendencia Formation, estimated to contain 36.2 billion barrels of undiscovered oil.

These strategic acquisitions and partnerships are not merely about expansion; they represent a refined strategy to operate efficiently in the competitive landscape of oil and gas.

Positioned for Future Growth

Petro-Victory's recent engagements underscore its proactive approach to capitalize on strategic partnerships, ensuring that the company is well-positioned for sustainable growth in Brazil's oil industry. By leveraging its operational expertise and financial strengths from collaborations with companies like BlueOak and Eneva, Petro-Victory aims to maximize output and optimize operations effectively.

The energy sector's dynamics demand adaptability, and with a clear vision for its growth trajectory, Petro-Victory Energy is setting a course for a productive future in Brazil's onshore oil and gas market. Investors and stakeholders can look forward to further developments as the company continues to expand its reach in this lucrative field, promoting long-term shareholder value and operational efficiency.

Conclusion

As Petro-Victory Energy Corp. continues to implement its development plans and harness the benefits of its new partnerships, it stands as a promising prospect in Brazil's vibrant oil and gas sector. The company's strategic focus and commitment to operational excellence may very well lead to significant advancements in production and profitability, marking it as a noteworthy player in the industry.