FutureGems Featured Company: Victory Energy Corporation (VVEY.OB) Announces Drilling of First Shallow Gas Well
Victory Energy Corporation announced today that the drilling of its first shallow gas well has reached a depth of 4,000 feet. The well is located in the Adams Ranch area of the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas. Jon Fullenkamp, President of Victory Energy Corporation, stated, "The drilling rig should reach a total depth over this weekend and allow the evaluation of our target, the Canyon Sandstone gas zone. Offset production is extremely positive in the area we are drilling. This is a strategic step in the growth and long term development of shareholder value." The Canyon…