Petro-Victory Energy Corp. (V:VRY)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 5070 Mark Iv Parkway FORT WORTH TX 76106 |
| Tel: | N/A |
| Website: | https://www.petrovictoryenergy.com |
| IR: | See website |
| Key People | ||
| Richard F. Gonzalez Chairman of the Board, President, Chief Executive Officer | J. Mark Bronson Chief Financial Officer, Secretary | Andre Naslausky Chief Operating Officer | Mark Scruggs Senior Vice President - Finance, Director |
| Business Overview |
| Petro-Victory Energy Corp. is an oil and gas company, which is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. The Company holds working interests in 38 licenses on approximately 257,604 acres in two oil-producing basins in Brazil, namely Potiguar Basin and Barreirinhas Basin. The Potiguar Basin is located in the eastern portion of the northeast region of Brazil extending through the states of Rio Grande do Norte and Ceara. The onshore sedimentary area of the basin covers an area of approximately 7.5 million acres and the basin extends offshore from shallow water to ultra-deep water. The Barreirinhas Basin is located on the Brazilian equatorial margin on the coast of the state of Maranhao and covers an area of approximately 2.5 million acres onshore and extends offshore from shallow water to ultra-deepwater. |
| Financial Overview |
| For the nine months ended 30 September 2023, Petro-Victory Energy Corp revenues increased 45% to $1.4M. Net loss decreased 20% to $3.4M. Revenues reflect Revenues from oil sales increase of 40% to $1.5M, Royalties increase of 17% to -$79K. Lower net loss reflects Change in fair value of derivative warra increase from $162K (expense) to $1.4M (income), Exploration costs decrease from $752K (expense) to $0K. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $33.68M as of Sep 30, 2023 |
| Annual revenue (TTM): | $2.57M as of Sep 30, 2023 |
| EBITDA (TTM): | -$5.94M as of Sep 30, 2023 |
| Net annual income (TTM): | -$8.21M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$8.53M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $8.33M as of Sep 30, 2023 |
| Shares outstanding: | 18,286,914 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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