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Petro-Victory Announces Partnership with Blue Oak Investments for Acquisitions in Brazil and Latin America
Petro-Victory Announces Partnership with Blue Oak Investments for Acquisitions in Brazil and Lati...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n\n\n\n Petro-Victory Announces Partnership with Blue Oak Investments for Acquisitions in Brazil and Latin America\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Jan. 7, 2025\n \n\n /CNW/ -\n \n Petro-Victory Energy Corp.\n \n (TSXV: VRY) (\"\n \n Petro-Victory\n \n \" or the \"\n \n Company\n \n \") is pleased to announce a strategic partnership with Blue Oak Investments (\"\n \n Blue Oak\n \n \") and the signing of a term-sheet to form a new Special Purpose Vehicle (SPV) aimed at acquiring Exploration and Production (E&P) assets and companies in\n \n Brazil\n \n and\n \n Latin America\n \n . Under this partnership, Blue Oak will provide the capital, while Petro-Victory will operate and develop the acquired assets.\n \n\n\n\n\n\n\n\n\n\n About Blue Oak\n \n\n\n Blue Oak (\n \n https://blueoak.com.br/\n \n ) is a prominent investment firm with over 70 years of combined experience in the financial markets, having led more than\n \n BRL 40 billion\n \n in transactions across\n \n Brazil\n \n and globally, with a focus on oil, gas, and energy sectors. The firm specializes in identifying businesses with strong fundamentals, such as stable cash flow, fixed assets, and market leadership. Founded by industry veterans, Blue Oak leverages expertise across private equity, distressed investing, and special situations globally.\n \n\n\n Term Sheet\n \n\n\n The Company has signed a term sheet with Blue Oak to establish an SPV aimed at acquiring assets and companies in\n \n Brazil\n \n and\n \n Latin America\n \n . The SPV will be structured to achieve an equitable ownership participation in the SPV, ensuring a balanced and mutually beneficial relationship. The partnership leverages the complementary strengths of both organizations. Blue Oak not only provides the necessary capital but also brings extensive expertise in strategic investments and the energy industry. Petro-Victory will manage the operations, drawing on its deep experience in the region and proven track record in onshore oil and gas
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