Victory Energy Corporation (VYEY) Announces Commitment to Drill 20 More Wells
Victory Energy Corp., a publicly traded, developmental state petroleum company, announced that it has committed to drill an additional 20 wells in its Canyon Sandstone Gas play located in the Texas Permian Basin. As Victory has received a commitment for the monetary needs to drill 20 more wells, the Company’s Operator will begin construction of the next drilling site that should be ready-to-go by March 17th. The rig will be moved into place and drilling will begin once the next drilling site is completed. Jon Fullenkamp, President of Victory Energy Corporation commented, “Victory is fully committed to the development of…