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Petro-Victory Energy Corp. (V:VRY)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 5070 Mark IV Pkwy
FORT WORTH TX 76106-2219
Tel: N/A
IR: See website
Key People
Richard F. Gonzalez
Chairman of the Board, President, Chief Executive Officer
J. Mark Bronson
Chief Financial Officer, Secretary
Richard Allan Lane
Chief Operating Officer
Mark Scruggs
Senior Vice President - Finance, Director
Business Overview
Petro-Victory Energy Corp. is an exploration and production company focused on Latin America, primarily Brazil. The Company is engaged in the acquisition, development, and production of crude oil and natural gas resources. It is a certified onshore and shallow water operator in Brazil. The Company holds operating and working interests in approximately 28 licenses totaling 129,771 acres in four oil producing basins in Brazil. It also holds a royalty agreement in approximately two-million-acre concession in Paraguay.
Financial Overview
For the nine months ended 30 September 2021,Petro-Victory Energy Corp revenues increased from $109K to$437K. Net loss increased 20% to $1.9M. Revenues reflectRevenues from oil sales increase from $118K to $473K.Higher net loss reflects Professional fees increase of 85%to $690K (expense), Well operating expenses increase from$4K to $195K (expense), Consulting increase from $30K to$169K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $23.42M as of Sep 30, 2021
Annual revenue (TTM): $0.74M as of Sep 30, 2021
EBITDA (TTM): -$2.79M as of Sep 30, 2021
Net annual income (TTM): -$0.17M as of Sep 30, 2021
Free cash flow (TTM): -$9.12M as of Sep 30, 2021
Net Debt Last Fiscal Year: $7.38M as of Sep 30, 2021
Shares outstanding: 12,491,339 as of Nov 19, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization