SOURCE: Victory Energy Corporation
AUSTIN, TX--(Marketwired - May 05, 2014) - Victory Energy Corporation
("Victory Energy" or "the Company") today announced that it has engaged MZ Group as its investor relations advisor. MZ Group will assist Victory Energy in executing a comprehensive investor outreach program in the U.S.
"We are excited to tell our story to a broad range of investors," said Kenny Hill, CEO of Victory Energy. "Our growing base of highly prospective oil and liquids-rich natural gas assets makes us an attractive investment consideration for growth and value investors. Coupled with our recent successful fundraising efforts, we now have the capital and team in place to execute on our aggressive growth plans both organically and through acquisition opportunities."
Ted Haberfield, President of MZ North America, added, "We are very excited to be involved with Victory Energy as they enter this phase of growth and build out their communications platform. MZ's proven track record of working with small and microcap oil and gas companies, including assisting many with the transition to a major exchange, will enable us to make targeted introductions to appropriate investors while advising Victory Energy through their current initiatives and goals. We see tremendous opportunities to help the Victory Energy team unlock shareholder value."
About Victory Energy
Victory Energy Corporation (OTCQB: VYEY), based in Austin, Texas with additional resources in Midland is a high growth oil and gas Exploration and Production (E&P) company whose is focused on creating shareholder value through the acquisition and development of assets in the World Class Permian Basin. The company currently holds interests in the Permian where its targets are high profile plays such as the Wolfcamp, Mississippian and Fusselman formations. The company is growing cash-flows through sustainable low-risk vertical well development on existing properties and new acquisitions which offer repeatable and highly profitable results. The Company achieves these results by targeting predictable resources plays, favorable operating environments and consistent reservoir quality across multiple target horizons with long-lived reserve characteristics. For additional information on the company, please visit www.vyey.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on management's experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management. When used in this press release, the words "will," "potential," "believe," "estimated," "intend," "expect," "may," "should," "anticipate," "could," "plan," "project," or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Among these forward-looking statements are statements regarding EURs, estimated BOE, estimated future gross undiscounted cash flow and estimated drilling and completion costs. Such forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including but not limited to, changes to drilling plans and schedules by the operators of prospects, overruns in costs of operations, hazards, delays, and any other difficulties related to drilling for and producing oil or gas, the price of oil, NGLs, and gas, results of marketing and sales of produced oil and gas, estimates made in evaluating reserves, competition, general economic conditions and the ability to manage and continue growth, and other factors described in the Company Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011, December 31, 2012 and any updates to those risk factors set forth in the Company's Quarterly Reports on Form 10-Q. Further information on such assumptions, risks and uncertainties is available in the Company's other filings with the Securities and Exchange Commission ("SEC") that are available on the SEC's website at www.sec.gov, and on the Company's website. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.