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Victory Energy expands successful Permian Basin Lightnin' prospect


Published May 30, 2013
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Victory Energy intensifies presence in gas field

Victory Energy Corporation announced the acquisition of a 320-acre (gross) lease in Glasscock County, Texas through Aurora Energy Partners (Aurora), which the Company manages and in which it owns a 50 percent interest.

The acquired acreage is adjacent to the Company's successful Cotter #1 well which has averaged over 60 gross barrels of oil per day in the month of May. The first well on this new acreage, the McCauley "6" #1 was spud on May 14 and is expected to be completed and placed on production in late June or early July.

The addition of the 320-acre McCauley track completes a full 640-acre square and provides the Company the opportunity to drill up to 16 gross vertical wells.

Tags: Victory Energy Corporation



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