Victory Energy New Gas Well Online

Victory Energy Corporation reported that the first gas well the Corporation drilled in the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas has been brought online Feb. 26.

Victory's newest gas well is producing from the Canyon Sandstone gas zone. On Sunday the gas well began flowing gas to surface on its own. The well stabilized after 24 hours of sustained flow and was tied into the gas production transportation line. Sales of the gas into the market started immediately. The single point flow test has been scheduled with Fesco and actual production rates should be known by March 4.

"We are anticipating a strong production rate from this well based on its 25% higher tubing pressure than the average Canyon Sandstone gas well," stated Jon Fullenkamp, President of Victory Energy Corporation.