Victory Energy Intensifies Presence in Gas Field

Victory Energy Corporation reported that it is intensifying its presence into the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas.

The Corporation is working with the drilling contractor in an effort to acquire additional drilling rigs to support an increase in drilling capacity beyond the current two (2) wells per month. To accomplish this, communications have begun with drilling rig manufacturers regarding lead times for the delivery of new equipment.

"Based on the results we are receiving from the initial well drilled and the progress made on the well currently being drilled, we are committing significant resources to intensify this field's development. This will facilitate multiple wells to be drilled concurrently to establish a higher rate of production," stated Jon Fullenkamp, President of Victory Energy Corporation.