Victory Energy Completes Its First Quarterly SEC Filing for 2011

- May 23rd, 2011

Victory Energy Corporation (PINK:VYEY) files the company’s first quarterly report for 2011 on Form 10-Q with the Securities and Exchange Commission.

Victory Energy Corporation (PINK:VYEY) files the company’s first quarterly report for 2011 on Form 10-Q with the Securities and Exchange Commission.

The press release is quoted as saying:

Victory Energy Corporation is engaged in the exploration, acquisition, development, and exploitation of oil and gas properties. The company endeavors to utilize its broad range of oil and gas industry relationships to acquire small interests in a large volume of low- to moderate-risk oil and gas prospects. A cornerstone of this strategy is an emphasis on developing and maintaining relationships with proven, well established oil and gas exploration and development companies.

Click here to access the entire press release

8 responses to “Victory Energy Completes Its First Quarterly SEC Filing for 2011

  1. Exceedingly minor point, but when describing a person or a thing from Niger, the adjective is Nigerien (or Nigerienne), not Nigerian. Nigerians are from Nigeria.

  2. Exceedingly minor point, but when describing a person or a thing from Niger, the adjective is Nigerien (or Nigerienne), not Nigerian. Nigerians are from Nigeria.

  3. This article is factually lacking/incorrect in some respects..on Namibia Epangelo does not have total control over mineral exploration licences…it is important to note that conversions of existing exploration rights into mining licences (which cover the majority of projects under development) do not involve Epangelo. Also it seems strange that the Chinese-owned Husab mine now under construction and expected into capacity from end-2015 at 15m lb/yr- the biggest yellowcake mine under development anywhere- does not even rate a mention.

    1. Hi Mr. Murray,

      I apologize for the oversight of the Husab mine. You are correct, with the soon-to-be second largest mine in operation it should not have been over looked.

      Furthermore, we have modified some of the text to better reflect the source. According to the World Nuclear Association, as of 2011, Epangelo would have exclusive control over strategic mineral developments – not total control.

      As for the latter half of your comment (conversion of mining licenses) could you please point me to a source of that information? From the WNA site I understand that Paladin and Kalahari are not concerned with expropriation of their projects. Meanwhile the company is expected to act as a vehicle for acquisition and exploitation of strategic resources along with partners.

      Thanks,

      Vivien

  4. This article is factually lacking/incorrect in some respects..on Namibia Epangelo does not have total control over mineral exploration licences…it is important to note that conversions of existing exploration rights into mining licences (which cover the majority of projects under development) do not involve Epangelo. Also it seems strange that the Chinese-owned Husab mine now under construction and expected into capacity from end-2015 at 15m lb/yr- the biggest yellowcake mine under development anywhere- does not even rate a mention.

    1. Hi Mr. Murray,

      I apologize for the oversight of the Husab mine. You are correct, with the soon-to-be second largest mine in operation it should not have been over looked.

      Furthermore, we have modified some of the text to better reflect the source. According to the World Nuclear Association, as of 2011, Epangelo would have exclusive control over strategic mineral developments – not total control.

      As for the latter half of your comment (conversion of mining licenses) could you please point me to a source of that information? From the WNA site I understand that Paladin and Kalahari are not concerned with expropriation of their projects. Meanwhile the company is expected to act as a vehicle for acquisition and exploitation of strategic resources along with partners.

      Thanks,

      Vivien

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