Victory Energy Corp.DL (2/21/2007 4:30 PM)
VYEY Last: 0.85Change: +0.01(+1.19%)
Volume: 95.29k
Last Trade: 2/21/07
New Director Success
Victory Energy Corporation Welcomes New Board Member
Victory Energy Corporation (BB: VYEY) today said that Mr. Perry R. Mansell has
joined the Board of Directors of the Corporation.
"We are pleased 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 backgrounds 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 projects to the petroleum
industry include the construction of fuel depots and refurbishment of
refineries and pipelines. Mr. Mansell is well known in his industry and is
called upon to present as an professional his opinion in situations where an
outside expertis 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 target is to evaluate profitable
options, develop a solid foundation through leadership and sound business
acumen, and acquire producing wells as well as other potentially gainful
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 goal 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 reported 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%
