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Petro-Victory Energy and BlueOak Investments Complete Acquisition of Capixaba Energia, Strengthening Brazil Onshore Position
Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company"), an oil and gas exploration and production company focused on onshore Brazil, today announced the successful closing of its previously announced acquisition of Capixaba Energia LTDA ("Capixaba Energia"), a producing oil and gas asset, generating substantial free cash flow, in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments ("BlueOak"), Petro-Victory's strategic financial part
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"Built to Win in Volatile Markets: Strategic Alliance Drives Scalable Growth Opportunities ","length":89,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, April 29, 2025 /CNW/ - Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company"), an oil and gas exploration and production company focused on onshore Brazil, today announced the successful closing of its previously announced acquisition of Capixaba Energia LTDA ("Capixaba Energia"), a producing oil and gas asset, generating substantial free cash flow, in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments ("BlueOak"), Petro-Victory's strategic financial partner. This acquisition, originally announced on March 6, 2025, marks the first successful transaction under the Petro-Victory and BlueOak partnership, reinforcing their shared commitment to unlocking value in Brazil's energy sector.","length":830,"tagName":"p"},{"type":"image","alt":"Petro-Victory Energy Corp. Logo (CNW Group/Petro-Victory Energy Corp.)","displaySize":"","headline":null,"caption":"Petro-Victory Energy Corp. Logo (CNW Group/Petro-Victory Energy Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":328,"url":"https://media.zenfs.com/en/cnwgroup.com/5d4da00095811fdc4c11f9683a90508c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_Z91rtdyAwCyKTGaF1uAKA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/5d4da00095811fdc4c11f9683a90508c","width":400,"height":328}},"href":"https://mma.prnewswire.com/media/2675460/Petro_Victory_Energy_Corp__Petro_Victory_Energy_and_BlueOak_Inve.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Richard F. Gonzalez, CEO of Petro-Victory, commented, "The closing of the Capixaba Energia acquisition marks a major milestone for Petro-Victory and a testament to the strength of our strategic partnership with BlueOak Investments. This transaction enhances our operational position in Brazil, delivering immediate positive cash flowing production, critical infrastructure, and significant future upside. With BlueOak's financial backing and our operational expertise, we are well-positioned to unlock value, optimize profitability, production, a...