Victory Energy Corp.DL (2/21/2007 4:30 PM)
VYEY Last: 0.85Change: +0.01(+1.19%)
Last Trade: 2/21/07
New Director Success
Victory Energy Corporation Welcomes New Board Member
Victory Energy Corporation (BB: VYEY) today announced that Mr. Perry R. Mansell has joined the Board of Directors of the Corporation.
"We are glad to announce that Mr. Perry R. Mansell has joined Victory Energy Corporation as a member of the board of directors," said Jon Fullenkamp, Victory's Chief Executive Officer. "His knowledge of the petroleum industry as it relates to construction and the establishment of infrastructure is a welcome addition to the Board."
Mr. Mansell's experience includes a professional career at North American Rockwell - Space Division heading up the Testing Team. This involved working with NASA in the areas of reaction control, environmental control and waste management systems for the Apollo Command and Service Modules. In 1970 Mansell Construction was founded focusing on commercial and industrial projects, the company continues to flourish today. Specific programs to the petroleum industry include the construction of fuel depots and refurbishment of refineries and pipelines. Mr. Mansell is popular in his industry and is called upon to present as an expert his opinion in situations where an outside professionalis required.
Mr. Mansell's experience in serving in and knowledge of local government is an asset to the Company. His stand on environmentally favorable projects that affect the local economy is positive and visionary. This will serve the Company well as it moves forward on a national level.
Information about Victory Energy Corporation: Victory Energy Corporation is a publicly traded, developmental stage petroleum company primarily dedicated to energy-related capabilities. The Company aim is to evaluate gainful options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.
"With the ability to lease up to 100,000 acres in Texas, coupled with the
138,000 acres Victory has in Montana, the Company is in an extremely
attractive position within the petroleum industry for growth and providing
enhanced shareholder value through future asset development," stated Jon
Fullenkamp, President of Victory Energy Corporation.
About Victory Energy Corporation: Victory Energy Corporation is a publicly traded, developmental
stage petroleum company primarily dedicated to energy-related capabilities. The Company aim is to evaluate payable options, develop a solid foundation through leadership and sound business acumen, and
acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.
Drilling exceeds expectations:$4.00
Drilling meets expectations:$2.60
Drilling is below expectations:$1.50
On January 29th VYEY said that their first exploratory well "has
probable shows for oil and gas in 3 medium to large zones which total 195
feet of potential production."
Last month price change +137%