Petro-Victory Energy Celebrates Successful AND-5 Well Drilling

Author: Evelyn Baker Updated: 07-09-2025 07:43 AM

Success of the AND-5 Well Drilling Operations

Petro-Victory Energy Corp. (TSXV: VRY) is thrilled to report the successful conclusion of drilling operations for the AND-5 well in the Andorinha Field, in collaboration with Azevedo & Travassos Energia (ATE).

Drilling Highlights

The drilling process started on June 25 and was completed on July 5, reaching a depth of 1,165 meters. The operation effectively navigated through various sedimentary and basement rock layers.

Technical Execution and Equipment Used

The drill utilized a Drake-2 onshore hydraulic rig. Advanced wireline logging was performed by Halliburton, during which a 7" nominal production casing was successfully installed, marking a significant milestone in the drilling process.

Reservoir Findings

Petro-Victory's technical team conducted an extensive petrophysical analysis, which revealed 13 meters of net oil pay across four intervals in the reservoir, utilizing a salinity threshold of 3,500 ppm. This discovery underscores the potential productivity of the AND-5 well.

Next Steps in Operations

With the drilling phase successfully completed, the company plans to mobilize a completion rig to conduct special saturation logging. This step is crucial for characterizing the productive intervals more accurately.

Following this phase, well testing, completion, and eventual tie-in to the Andorinha Collection Station will be executed. This multi-stage approach is designed to optimize production readiness and enhance overall output capacity.

About Petro-Victory Energy Corp.

Petro-Victory Energy Corp. focuses on acquiring, developing, and producing crude oil and natural gas resources in Brazil. The company proudly holds 100% operating and working interests in 38 licenses, encompassing a vast area of 257,604 acres across two distinct producing basins.

The company is committed to generating shareholder value through strategic investments in high-impact, low-risk assets. The Company's shares are listed on the TSXV under the ticker symbol VRY, representing a steadfast commitment to growth and innovation in the energy sector.

Frequently Asked Questions

What is the significance of the AND-5 well?

The AND-5 well is crucial for Petro-Victory Energy as it presents opportunities for oil production and future revenue generation.

When did Petro-Victory start drilling the AND-5 well?

Drilling operations for the AND-5 well commenced on June 25 and concluded on July 5.

How deep is the AND-5 well?

The AND-5 well reached a total depth of 1,165 meters.

What steps follow the successful drilling of the AND-5 well?

Post-drilling, the company plans to mobilize a completion rig, conduct saturation logging, and carry out well testing and completion.

Where can investors find more information about Petro-Victory?

Investors can learn more about the company’s operations and financial performance by visiting the Petro-Victory Energy website or checking their stock on TSXV under the ticker VRY.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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