Victory Energy Corporation provided a drilling operations update on two of its most recent acquisitions. The Company has one well currently being completed and one well that spud on June 24th.
Kenny Hill, Victory Energy's CEO, stated, "The Company now holds 10,859 gross acres with the potential to drill an estimated 45 gross wells. So far this year, we have acquired four prospects totaling 2,196 gross acres with the potential to add over 475,000 barrels of oil equivalent (BOE) to the Company's future production. We are excited to begin drilling operations on two of those prospects (Chapman Ranch and Pinetop), and we look forward to beginning operations at our marquee Lightnin' prospect in August/September. Operations continue at Bootleg Canyon and Uno Mas."