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Last $0.30 USD
Change Today 0.00 / 0.00%
Volume 7.5K
VYEY On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

victory energy corp (VYEY) Snapshot

Open
$0.29
Previous Close
$0.30
Day High
$0.30
Day Low
$0.29
52 Week High
08/18/14 - $0.49
52 Week Low
12/30/14 - $0.05
Market Cap
8.8M
Average Volume 10 Days
6.3K
EPS TTM
$-0.10
Shares Outstanding
29.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VICTORY ENERGY CORP (VYEY)

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victory energy corp (VYEY) Details

Victory Energy Corporation undertakes oil and gas exploration and production, and acquisition of oil and gas properties in Texas and New Mexico. The company’s property portfolio include the Fairway property, the Bootleg Canyon Ellenberger Field, the Adams-Baggett Gas Field, the Morgan property, the Uno-Mas property, and the Clear Water Wolfberry resource property located in the Permian Basin of Texas and New Mexico. As of March 31, 2015, it had 26 wells on production. The company was formerly known as Victory Capital Holdings Corporation and changed its name to Victory Energy Corporation in May 2006. Victory Energy Corporation was founded in 1982 and is headquartered in Austin, Texas.

4 Employees
Last Reported Date: 03/31/15
Founded in 1982

victory energy corp (VYEY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $211.7K
Chief Financial Officer and Controller
Total Annual Compensation: $115.0K
Compensation as of Fiscal Year 2014.

victory energy corp (VYEY) Key Developments

Victory Energy Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Victory Energy Corporation reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported oil revenues increased $57,016 or 124% from $45,869 to $102,885 for the three months ended March 31, 2015 compared to the three months ended December 31, 2014. The company incurred capital expenditures of $2.1 million for lease acquisition, drilling and completion costs, and property acquisitions for the three months ended March 31, 2015, of which $1.0 million is accrued at March 31, 2015. Total revenues decreased $66,415 or 34% to $128,568 for the three months ended March 31, 2015 from $194,983 for the three months ended March 31, 2014. The change in revenues from the three months ended March 31, 2015 as compared to March 31, 2014 is primarily the result of the decline in oil and natural gas commodity prices observed during the respective periods. Net loss attributable to the company was $1,546,573, or a loss of $0.05 per share, for the three months ended March 31, 2015 compared to a loss of $435,303 and $0.02, respectively, in the first quarter of 2014.

Victory Energy Corporation announced delayed 10-Q filing

On 05/15/2015, Victory Energy Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Victory Energy Corporation Announces Consolidated Earnings and Operating Results for the Year Ended December 31, 2014; Provides Cash Flow Guidance for the Fiscal 2015

Victory Energy Corporation announced consolidated earnings and operating results for the year ended December 31, 2014. For the year, the company’s total revenues were $695,318 against $735,413 a year ago. Loss from operations was $6,425,466 against $2,150,781 a year ago. Loss before tax benefit was $4,229,137 against $2,116,138 a year ago. Net loss attributable to the company was $3,209,932 or $0.11 per basic and diluted share compared to $1,686,627 or $0.06 per basic and diluted share a year ago. Net cash used in operating activities was $1,137,222 against $580,275 a year ago. Acquisition of oil and gas properties was $3,214,872. Purchase of furniture and fixtures was $3,710. Revenues for fiscal 2014 decreased 5.5% year-over-year primarily due to the decrease in the average price received for oil and natural gas sales. For the year, the company's total net production was 38.6 BOE/D, up 6.0% from 36.4 BOE/D in fiscal 2013. The company provided cash flow guidance for the fiscal 2015. For the year, the company grow proved reserves and cash flow by focusing on the development and acquisition opportunities available.

 

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