Victory Energy's 'Expertise' Warrants Success in Texas

Victory Energy Corporation reported that surface pipe has been set on the second well the Corporation is currently drilling. This new well is a Canyon Sandstone gas zone well located in the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas.

On Saturday, February 9th the first well the Corporation drilled to total depth, was completed with a successful stimulation job. A stimulation job of this nature opens the production zone by fracturing the zone allowing gas to flow into the well bore. Currently a work-over rig has moved onto the well location to begin swabbing the production zone for testing. The Corporation should have preliminary testing results by February 22.

"Due to our own internal level of expertise, coupled with the experience and knowledge of the drilling contractor and completion engineers selected by the Corporation, we are well ahead of our completion and drilling time frames for these two wells," stated Jon Fullenkamp, President of Victory Energy Corporation. "This currently provides for the Corporation to maintain a schedule of drilling up to two wells per month for the next several months."