Victory Energy announces successful completion of Uno Mas oil well

Source: Victory Energy Corporation

Victory Energy Corporation (OTCQB: VYEY.PK), through its partnership with Aurora Energy Partners, is pleased to announce that its Uno Mas No. 1 prospect well located in Lea County, New Mexico has successfully been re-entered, completed and is now producing both oil and gas. Frac fluid is also continuing to be pumped.

Re-entry operations began on October 31 , 2011. The well was successfully reentered, perforated and swab flow tested the week of November 28 and the operator began fracture stimulation procedures on December 16. Flowback of fluids began shortly thereafter. Natural gas sales lines were opened on December 23 followed by fluid flow to tanks. At the request of the operator, Victory Energy will not be publishing flow rate data until it becomes part of the public regulatory filings made by the operator.

Kenny Hill , Victory Energy's COO, stated, "We are thrilled with the successful completion and early results of this well. Our relationship with VF Petroleum continues to bring significant value to the Company and we look forward to the opportunity to participate in additional opportunities that they develop. Coupled with our success at Bootleg Canyon (formerly Tunis), this relationship has delivered two of the Company's most impactful projects."

The Company, through its partnership with Aurora Energy Partners, holds a 10 percent working interest and a 7.5 percent net revenue interest in the Uno Mas well.


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