Victory Energy Announces Acquisition of Producing Oil Well Interest

Victory Energy Corporation (PINK:VYEY) acquires an interest in a second oil producing well as part of a continuing expansion of its Jones County Texas Oil play.

The press release is quoted as saying:

The producing well is part of a 320 acre lease named The White Unit. The White #1 well is currently producing nearly 30 barrels of oil and 100 thousand cubic feet (mcf) of natural gas per day from the Caddo formation. A second well location on this unit has been identified and is being scheduled for drilling. The White #2 location is up-dip and 3-D seismic supported. The company will announce further details regarding this well when they are available.

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