Victory Energy Corporation (VYEY.OB) Releases Results of Preliminary Adams-Baggett Canyon Gas Well
The latest of a string of updates from Victor Energy Corporation was released today giving shareholders some details on the first completed well in Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas. The press release announced excellent early completion results. The work-over unit crew reports the well has excellent backside pressure of 500 PSI and productive tubing pressure of 300 PSI after preliminary swabs were pulled from the well. The tubing pressure buildup overnight provides strong indications the well is commercially productive in the average range of Canyon Sandstone gas wells whose initial production is 250,000 cubic feet of…