Petro-Victory's Strategic Expansion: Acquiring 13 Oil-Producing Fields in Brazil

Petro-Victory Energy Corp. (TSXV: VRY) has made a strategic move to expand its portfolio by signing an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin. This acquisition presents an opportunity for Petro-Victory to generate accretive shareholder value and solidify its position in the Brazilian energy market.

The agreement grants Petro-Victory exclusivity for the negotiation of the acquisition of these assets for an initial period of 30 days, starting from the date of its signing. This period may be extended for a similar duration, provided there is mutual and formal agreement between the parties. As negotiations progress, additional information regarding values, terms, and payment methods will be communicated to the market.

Petro-Victory's acquisition of 13 oil-producing fields in Brazil complements its existing portfolio by expanding its presence in the Potiguar Basin. The company already holds 100% operating and working interests in 38 licenses totaling 257,604 acres in two different producing basins in Brazil. The newly acquired fields, located in the Rio Grande do Norte state, add 13,583 acres to Petro-Victory's existing 163,583 acres in the Potiguar Basin, further solidifying its position in the region.



This acquisition offers a diversified mix of oil and gas field development, appraisal, and exploration opportunities, aligning with Petro-Victory's strategy of disciplined investments in high impact, low risk assets. The 13 fields are expected to contribute an additional 13,000 barrels of oil per day to Petro-Victory's production, adding to its existing 12,000 BOPD. Furthermore, these fields are projected to generate an additional $50 million in annual revenue, enhancing Petro-Victory's cash flow.



Petro-Victory's acquisition of 13 oil-producing fields in Brazil presents potential synergies and cost savings by integrating these fields into its operations. By leveraging economies of scale, Petro-Victory can reduce per-barrel production costs. Additionally, the acquisition expands Petro-Victory's footprint in the Potiguar Basin, enabling better resource allocation and improved operational efficiency. The company's expertise in developing and producing crude oil and natural gas in Brazil positions it well to unlock the full potential of these newly acquired fields.

In conclusion, Petro-Victory's acquisition of 13 oil-producing fields in Brazil is a strategic move that expands its portfolio, increases production and reserves, and enhances cash flow. This acquisition aligns with Petro-Victory's long-term strategy of disciplined investments in high impact, low risk assets and presents an opportunity for the company to generate accretive shareholder value. As negotiations progress, investors should closely monitor the developments surrounding this acquisition and its potential impact on Petro-Victory's financial performance.