Victory Energy Corporation announced today that the acreage the Corporation currently holds, in the "Northeast Glasgow Prospect" in Valley County Montana, is being evaluated as a Lodgepole formation opportunity.
With the increased activity and interest in Valley County Montana, due to recent successes with Lodgepole wells, the Corporation has increased its holdings in Valley County Montana, establishing a larger contiguous acreage.
"As we reviewed our existing holdings in Montana, specifically those acreages in Valley County in the Glasgow Prospect, we are already holding acreage potentially rich with Lodgepole well opportunities," stated Jon Fullenkamp, President Victory Energy Corporation.
According to historical information registered through the State of Montana, the intensity of a Lodgepole well is already identified with existing wells producing an average of approximately 2000 barrels of oil per day while maintaining these production rates for approximately 10 years.
About Victory Energy Corporation:
Victory Energy Corporation (http://www.victoryenergyoilandgas.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.
Contact:
Bentley Communications
Mr. Trevor Bentley, Investor Communications, 888-818-8738
bentleycomm@gmail.com
Source: Victory Energy Corporation
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