Permian Basin Properties Poise Victory Energy Corp. (VYEY) for Double Growth in Fiscal 2013
Victory Energy, an independent growth-oriented oil and gas company, today issued its outlook for fiscal 2013, which includes fourth-quarter estimates, with projections that it will double in size as it is positioned for “significant” growth with its Permian Basin properties. In August 2013, the company reported a major increase in proved reserves and said it remained on-track for growth and sustainable profitability. Management made this claim based on significant improvements in the first six months of 2013 as well as expectations for the end of the year. “We are happy to report that our claim has been validated by the…