[prev] [thread] [next] [lurker] [Date index for 2007/02/15]
This is a multi-part message in MIME format.
------=_NextPart_000_0006_01C75145.7BB91970
Content-Type: text/plain;
charset="us-ascii"
Content-Transfer-Encoding: 7bit
Victory Energy Corp.
DL (2/15/2007 10:48 PM)
VYEY Last: 0.93Change: +0.08(+9.41%)
Volume: 84.14k
Last Trade: 10:48
Drilling Results on the Way.
Victory Energy Corporation Signs Letter of Intent With Coastal Petroleum Company to Drill Montana Leases
Victory Energy Corporation (OTCBB: VYEY) today announced it has entered into a letter of intent dated February 13, 2007.
Mr. Jon Fullenkamp, President and Chief Executive Officer of Victory Energy Corporation, the ("Company"), announced today that the company has entered into a Letter of Intent with Coastal Petroleum Company to conduct a drilling program on Coastal's Valley County, Montana leases.
The Letter of Intent sets out the substantive terms of a Formal Agreement ("Agreement") that Coastal and Victory will complete and execute within sixty days. Under the Agreement, Victory will be required to drill a minimum of three wells on the Coastal Prospects and to make payments totaling $1,225,000 over the next fourteen months to Coastal in return for a 50% interest in Coastal's existing leases. Coastal's President Phillip Ware said: "We are excited about the formation of the team of Coastal and Victory Energy Corporation to develop the existing potential of our enormous Valley County leases. Victory brings a great deal to the play and we are looking forward to working together."
Victory will commence drilling the first well to test one of Coastal's Lodgepole Reef prospects within three months of the execution of the Agreement. A second well will be started within four and half months to test a 34,000-acre shallow gas prospect on the leases. The third well under the Agreement will be drilled to test another of Coastal's Lodgepole Reef prospects and will begin within eight months of the Agreement. Victory will earn a 50% working interest in the spacing unit covered by each well while Coastal will retain the other 50% of the working interest. Victory will also earn an undivided 1/6th working interest in all of Coastal's Valley County Leases after each well is drilled.
After the three wells are drilled, Coastal and Victory will each have a 50% working interest in all of the Valley County, Montana leases. The parties have also agreed to work together to explore an Area of Mutual Interest within twenty miles of the Leases, encompassing approximately 1,000,000 acres.
Victory Energy President Mr. Jon Fullenkamp states, "This Letter of Intent represents a stage of progress for the company's growth plan to acquire and develop prospects with significant upside while minimizing downside potential. Coastal provides the associations and partners to the company enabling significant growth and shareholder value in the near future."
History Priceses:
DateOpenHighLowLast
01/04/20070.1800.2200.1800.220
-----
02/13/20070.6500.7500.6000.750
02/13/20070.7900.8500.7500.850
Last month price change +137%
------=_NextPart_000_0006_01C75145.7BB91970
Content-Type: text/html;
charset="us-ascii"
Content-Transfer-Encoding: quoted-printable
<html xmlns:o=3D"urn:schemas-microsoft-com:office:office" xmlns:w=3D"urn:sc=
hemas-microsoft-com:office:word" xmlns=3D"http://www.w3.org/TR/REC-html40">;
<head>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; charset=3Dus-ascii">
<meta name=3DGenerator content=3D"Microsoft Word 11 (filtered medium)">
</head>
<body>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%">
<tr>
<td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; border:=
1px solid #999999; font-weight: normal; background-color: #666699; border-=
color: #996699; font: 12px Arial;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%"><tr>=
<td style=3D"font-size: 13px;"><font color=3D"#ffffff" style=3D"font-weight=
: bold;" face=3D"Verdana, Arial, Helvetica, sans-serif;">Victory Energy Cor=
p.</font></td>
<td style=3D"text-align: right; font-weight: normal; font-size: 10p=
x; font-style: italic;"><font color=3D"#465665" style=3D"font-weight: bold;=
" face=3D"Tahoma, Arial, Helvetica, sans-serif;">DL</font><font color=3D"#F=
FFFFF"> (2/15/2007 10:48 PM)</font></td></tr></table></td></tr><tr><t=
d>
<table style=3D"padding: 0px; margin-top: 5px; margin-bottom: 5px; borde=
r: 1px solid #999999; font-weight: normal; background-color: #666699; borde=
r-color: #996699; font: 12px Arial;" border=3D"0" cellpadding=3D"1" cellspa=
cing=3D"0" width=3D"100%">
<tr style=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bottom: 5p=
x; border: 1px solid #999999; font-weight: normal; background-color: #66669=
9; border-color: #996699; font: 12px Arial;">
<td style=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px=
; font-weight: bold; background-color: #F0F0F7; font: Verdana, Arial, Helve=
tica, sans-serif;" nowrap=3D"nowrap">VYEY </td><td style=3D"border-width: 0=
px 0px 1px; text-align: center; background-color: #F0F0F7; font: Verdana, A=
rial, Helvetica, sans-serif;" nowrap=3D"nowrap"><font size=3D"2" color=3D"#=
000000" face=3D"Verdana, Arial, Helvetica, sans-serif; font-weight: normal;=
">Last: </font><font color=3D"#000000" face=3D"Verdana, Arial, Helvetica, s=
ans-serif;" style=3D"font-weight: bold;">0.93</font>
</td><td style=3D"border-width: 0px 0px 1px; text-align: center; background=
-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"no=
wrap"><font color=3D"#000000" face=3D"Verdana, Arial, Helvetica, sans-serif=
; font-weight: normal;">Change: </font>
<font color=3D"#009900" face=3D"Tahoma, Arial, Helvetica, sans-serif;" styl=
e=3D"font-weight: bold;">+0.08(+9.41%)</span>
</td>
<td style=3D"border-width: 0px 0px 1px; text-align: center; background-colo=
r: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap"=
><font color=3D"#000000" face=3D"Verdana, Arial, Helvetica, sans-serif; fon=
t-weight: normal;">Volume: </font>
<font color=3D"#000000" face=3D"Verdana, Arial, Helvetica, sans-serif;" sty=
le=3D"font-weight: bold;">84.14k </font></td>
<td style=3D"border-width: 0px 0px 1px; text-align: right; padding-rig=
ht: 5px; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-s=
erif;" nowrap=3D"nowrap">
<font color=3D"#000000" face=3D"Verdana, Arial, Helvetica, sans-serif; font=
-weight: normal;">Last Trade: 10:48</font>
</td>
</tr>
</table>
</td></tr><tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%">
<tr><td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; b=
order: 1px solid #999999; font-weight: normal; background-color: #666699; b=
order-color: #996699; font: 12px Arial;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%">
<tr>
<td style=3D"font-size: 13px;"><font color=3D"#ffffff" style=3D"font-weight=
: bold;" face=3D"Verdana, Arial, Helvetica, sans-serif;">Drilling Results o=
n the Way.</font>
</td>
<td style=3D"text-align: right; font-weight: normal; font-size: 11p=
x; font-style: italic;">
</td>
</tr>
</table>
</td></tr></table>
</td></tr><tr>
<td>
<table style=3D"padding: 0px; margin-top: 5px; margin-bottom: 5px; borde=
r: 1px solid #999999; font-weight: normal; background-color: #666699; borde=
r-color: #996699; font: 12px Arial;" border=3D"0" cellpadding=3D"1" cellspa=
cing=3D"0" width=3D"100%">
<tr style=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bottom=
: 5px; border: 1px solid #999999; font-weight: normal; background-color: #6=
66699; border-color: #996699; font: 12px Arial;"><td style=3D"border-width:=
0px 0px 1px; text-align: left; padding-left: 5px; font-weight: bold; backg=
round-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=
=3D"nowrap">Victory Energy Corporation Signs Letter of Intent With Coastal =
Petroleum Company to Drill Montana Leases
</td></tr>
<tr style=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bottom: 5p=
x; border: 1px solid #999999; font-weight: normal; background-color: #66669=
9; border-color: #996699; font: 12px Arial;">
<td style=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px=
; font-weight: bold; background-color: #F0F0F7; font: Verdana, Arial, Helve=
tica, sans-serif;" nowrap=3D"nowrap">
<table>
<tr><td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-=
weight: normal; font: 12px Arial;">
Victory Energy Corporation (OTCBB: VYEY) today announced it has entered int=
o a letter of intent dated February 13, 2007.
</td></tr>
<tr><td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-=
weight: normal; font: 12px Arial;">
Mr. Jon Fullenkamp, President and Chief Executive Officer of Victory Energy=
Corporation, the ("Company"), announced today that the company has entered=
into a Letter of Intent with Coastal Petroleum Company to conduct a drilli=
ng program on Coastal's Valley County, Montana leases.
</td></tr><tr>
<td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-weig=
ht: normal; font: 12px Arial;">
The Letter of Intent sets out the substantive terms of a Formal Agreement (=
"Agreement") that Coastal and Victory will complete and execute within sixt=
y days. Under the Agreement, Victory will be required to drill a minimum of=
three wells on the Coastal Prospects and to make payments totaling $1,225,=
000 over the next fourteen months to Coastal in return for a 50% interest i=
n Coastal's existing leases. Coastal's President Phillip Ware said: "We are=
excited about the formation of the team of Coastal and Victory Energy Corp=
oration to develop the existing potential of our enormous Valley County lea=
ses. Victory brings a great deal to the play and we are looking forward to =
working together."
</td></tr>
<tr>
<td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-weig=
ht: normal; font: 12px Arial;">
Victory will commence drilling the first well to test one of Coastal's Lodg=
epole Reef prospects within three months of the execution of the Agreement.=
A second well will be started within four and half months to test a 34,000=
-acre shallow gas prospect on the leases. The third well under the Agreemen=
t will be drilled to test another of Coastal's Lodgepole Reef prospects and=
will begin within eight months of the Agreement. Victory will earn a 50% w=
orking interest in the spacing unit covered by each well while Coastal will=
retain the other 50% of the working interest. Victory will also earn an un=
divided 1/6th working interest in all of Coastal's Valley County Leases aft=
er each well is drilled.
</td>
</tr>
<tr>
<td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-weig=
ht: normal; font: 12px Arial;">
After the three wells are drilled, Coastal and Victory will each have a 50%=
working interest in all of the Valley County, Montana leases. The parties =
have also agreed to work together to explore an Area of Mutual Interest wit=
hin twenty miles of the Leases, encompassing approximately 1,000,000 acres.
</td></tr>
<tr><td style=3D"padding: 2px; padding-left: 5px; padding-right: 5px; font-=
weight: normal; font: 12px Arial;">
Victory Energy President Mr. Jon Fullenkamp states, "This Letter of Intent =
represents a stage of progress for the company's growth plan to acquire and=
develop prospects with significant upside while minimizing downside potent=
ial. Coastal provides the associations and partners to the company enabling=
significant growth and shareholder value in the near future."
</td>
</tr>
</table></td></tr></table>
</td></tr>
<tr>
<td>
<table align=3D"center" style=3D"padding: 0px; margin-top: 5px; margin-bott=
om: 5px; border: 1px solid #999999; font-weight: normal; background-color: =
#666699; border-color: #999999; font: 12px Arial;" border=3D"0" cellpadding=
=3D"1" cellspacing=3D"0" width=3D"100%">
<tr style=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bot=
tom: 5px; border: 1px solid #999999; font-weight: normal; background-color:=
#666699; border-color: #999999; font: 12px Arial;"><td style=3D"height: 20=
px; padding: 0px; margin-top: 5px; margin-bottom: 5px; border: 1px solid #9=
99999; font-weight: normal; background-color: #666699; border-color: #99999=
9; font: 12px Arial;" align=3D"center">
History Priceses:
</td>
</tr>
<table style=3D"padding: 0px; margin-top: 5px; margin-bottom: 5px; border: =
1px solid #999999; font-weight: normal; background-color: #666699; border-c=
olor: #996699; font: 12px Arial;" border=3D"0" cellpadding=3D"1" cellspacin=
g=3D"0" width=3D"100%"><tr style=3D"height: 20px; padding: 0px; margin-top:=
5px; margin-bottom: 5px; border: 1px solid #999999; font-weight: normal; b=
ackground-color: #666699; border-color: #996699; font: 12px Arial;">
<td style=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px=
; font-weight: bold; background-color: #F0F0F7; font: Verdana, Arial, Helve=
tica, sans-serif;" nowrap=3D"nowrap">Date</td><td style=3D"border-width: 0p=
x 0px 1px; text-align: left; padding-left: 5px; font-weight: bold; backgrou=
nd-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"=
nowrap">Open</td><td style=3D"border-width: 0px 0px 1px; text-align: left; =
padding-left: 5px; font-weight: bold; background-color: #F0F0F7; font: Verd=
ana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">High</td><td style=3D=
"border-width: 0px 0px 1px; text-align: left; padding-left: 5px; font-weigh=
t: bold; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-s=
erif;" nowrap=3D"nowrap">Low</td><td style=3D"border-width: 0px 0px 1px; te=
xt-align: left; padding-left: 5px; font-weight: bold; background-color: #F0=
F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">Last<=
/td></tr><tr style=3D"height: 20px; padding: 0px; margin-top: 5px; margin-b=
ottom: 5px; border: 1px solid #999999; font-weight: normal; background-colo=
r: #666699; border-color: #996699; font: 12px Arial;"><td style=3D"border-w=
idth: 0px 0px 1px; text-align: left; padding-left: 5px; font-weight: italic=
; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" =
nowrap=3D"nowrap">
01/04/2007</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pa=
dding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verd=
ana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.180</td><td style=
=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px; font-we=
ight: italic; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, s=
ans-serif;" nowrap=3D"nowrap">0.220</td><td style=3D"border-width: 0px 0px =
1px; text-align: left; padding-left: 5px; font-weight: italic; background-c=
olor: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowr=
ap">0.180</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pad=
ding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verda=
na, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.220</td></tr><tr sty=
le=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bottom: 5px; bord=
er: 1px solid #999999; font-weight: normal; background-color: #666699; bord=
er-color: #996699; font: 12px Arial;"><td style=3D"border-width: 0px 0px 1p=
x; text-align: left; padding-left: 5px; font-weight: italic; background-col=
or: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap=
">
-</td><td style=3D"border-width: 0px 0px 1px; text-align: left; padding-lef=
t: 5px; font-weight: italic; background-color: #F0F0F7; font: Verdana, Aria=
l, Helvetica, sans-serif;" nowrap=3D"nowrap">-</td><td style=3D"border-widt=
h: 0px 0px 1px; text-align: left; padding-left: 5px; font-weight: italic; b=
ackground-color: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" now=
rap=3D"nowrap">-</td><td style=3D"border-width: 0px 0px 1px; text-align: le=
ft; padding-left: 5px; font-weight: italic; background-color: #F0F0F7; font=
: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">-</td><td style=
=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px; font-we=
ight: italic; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, s=
ans-serif;" nowrap=3D"nowrap">-</td></tr><tr style=3D"height: 20px; padding=
: 0px; margin-top: 5px; margin-bottom: 5px; border: 1px solid #999999; font=
-weight: normal; background-color: #666699; border-color: #996699; font: 12=
px Arial;"><td style=3D"border-width: 0px 0px 1px; text-align: left; paddin=
g-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verdana,=
Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">
02/13/2007</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pa=
dding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verd=
ana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.650</td><td style=
=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px; font-we=
ight: italic; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, s=
ans-serif;" nowrap=3D"nowrap">0.750</td><td style=3D"border-width: 0px 0px =
1px; text-align: left; padding-left: 5px; font-weight: italic; background-c=
olor: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowr=
ap">0.600</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pad=
ding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verda=
na, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.750</td></tr><tr sty=
le=3D"height: 20px; padding: 0px; margin-top: 5px; margin-bottom: 5px; bord=
er: 1px solid #999999; font-weight: normal; background-color: #666699; bord=
er-color: #996699; font: 12px Arial;"><td style=3D"border-width: 0px 0px 1p=
x; text-align: left; padding-left: 5px; font-weight: italic; background-col=
or: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap=
">
02/13/2007</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pa=
dding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verd=
ana, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.790</td><td style=
=3D"border-width: 0px 0px 1px; text-align: left; padding-left: 5px; font-we=
ight: italic; background-color: #F0F0F7; font: Verdana, Arial, Helvetica, s=
ans-serif;" nowrap=3D"nowrap">0.850</td><td style=3D"border-width: 0px 0px =
1px; text-align: left; padding-left: 5px; font-weight: italic; background-c=
olor: #F0F0F7; font: Verdana, Arial, Helvetica, sans-serif;" nowrap=3D"nowr=
ap">0.750</td><td style=3D"border-width: 0px 0px 1px; text-align: left; pad=
ding-left: 5px; font-weight: italic; background-color: #F0F0F7; font: Verda=
na, Arial, Helvetica, sans-serif;" nowrap=3D"nowrap">0.850</td></tr>
</table>
</table>
<tr ><td align=3Dcenter>
Last month price change <font color=3D"#009900" face=3D"Tahoma, Arial, Helv=
etica, sans-serif;" style=3D"font-weight: bold;">+137%</font>
</td>
</tr></table>
</td>
</tr></table>
</td></tr></table>
</body>
</html>
------=_NextPart_000_0006_01C75145.7BB91970--
Generated at 12:01 on 17 Feb 2007 by mariachi 0.52