Petro-Victory Energy more than doubles Capixaba oil output in first year of operations

Reuters2026/08/13 12:19

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Petro-Victory posted first-year results at Capixaba Energia following the April 29, 2025 acquisition partnership.
Oil output rose 128% to 583 bbl/d from 256 bbl/d; gas output increased 471%.
Production costs fell 37% to US$ 16.3/bbl from US$ 25.8/bbl, lifting operating margins.
Free cash flow from operations totaled R$ 17 million, with proceeds reinvested into the business.
Weighted-average oil sales discount narrowed to 11.3% from 17.3%; water injection capacity increased 67% to 20,000 bpd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Petro Victory Energy Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: MO25736) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Petro-Victory Energy more than doubles Capixaba oil output in first year of operations

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