CALGARY,
AB, July 5, 2022 /CNW/ - Petro-Victory Energy
Corp. ("Petro-Victory" or the "Company") (TSXV: VRY) is
delighted to announce that Mr. Daniel
Wray has joined the Company as its new Chief Financial
Officer.
Highlights
- Appointment of former Ernst & Young LLP senior manager
- Brings substantial international experience in Brazil and LATAM, having served clients in
Brazil and LATAM for 7+ years
Corporate Update – New Chief
Financial Officer
The Company is delighted to announce that Daniel Wray is joining as its new Chief
Financial Officer. Mr. Wray is a licensed Certified Public
Accountant and brings a wealth of experience in finance and
accounting, including from his time at Ernst & Young, LLP
("EY") where he has served clients both large and small across many
industries and geographic regions in identifying risks, developing
strategy, and overseeing cross-functional and multi-national teams
in the execution of annual financial statement audits.
During his time at EY, Mr. Wray spent a number of years on
secondment where he leveraged his Portuguese language skills and
gained first-hand and front-line experience building and leading
cross-functional teams in Brazil.
Mr. Wray will take over the role of CFO from Mr. Mark Bronson who will be retiring. Mr. Bronson
has been with the Company since its inception in 2006 and has been
an integral part of the team through the Company's growth in
Latin America.
Richard
Gonzalez, Petro-Victory CEO commented:
"On behalf of the Board and our shareholders, I want to take
this opportunity to publicly thank Mark for his many years of
service to Petro-Victory. He has played an instrumental role in
taking the Company through its transition from a private to a
public company and in establishing itself as a leading onshore
player in Brazil and provided
myself and my Board colleagues with unwavering support. I wish Mark
all the best for his retirement.
With Mark stepping down, I am excited to announce the
appointment of Mr. Daniel Wray as
our new Chief Financial Officer. Daniel brings audit knowledge,
public market advisory experience and on-the-ground experience in
Brazil, a combination which is
uniquely suited for the requirements of Petro-Victory in our
current expansion phase. I look forward to working with Daniel as
we continue delivering value for our shareholders in the coming
years."
Daniel Wray,
incoming CFO commented:
"I am excited and honored to join Petro-Victory as Chief
Financial Officer. The team has built a strong portfolio and I look
forward to working with Richard, the executive team, and the
talented finance team as we build on the momentum and continue to
deliver value across the portfolio for shareholders."
About Petro-Victory Energy
Corp.
Petro-Victory Energy Corp. is engaged in the acquisition,
development, and production of crude oil and natural gas resources
in Brazil. The company holds 100%
operating and working interests in 38 licenses totaling 257,604
acres in two producing basins in Brazil. Petro-Victory generates accretive
shareholder value through disciplined investments in high impact,
low risk assets. The Company's Common Shares trade on the TSX
Venture Exchange ("TSXV") under the ticker symbol VRY.
Cautionary Note
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities, in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws and may not be
offered or sold within the United
States unless an exemption from such registration is
available.
Advisory Regarding Forward-Looking
Statements
In the interest of providing Petro-Victory's shareholders and
potential investors with information regarding Petro-Victory's
future plans and operations, certain statements in this press
release are "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities legislation (collectively, "forward-looking
statements"). In some cases, forward-looking statements can be
identified by terminology such as "anticipate", "believe",
"continue", "could", "estimate", "expect", "forecast", "intend",
"may", "objective", "ongoing", "outlook", "potential", "project",
"plan", "should", "target", "would", "will" or similar words
suggesting future outcomes, events or performance. The
forward-looking statements contained in this press release speak
only as of the date thereof and are expressly qualified by this
cautionary statement.
Specifically, this press release contains forward-looking
statements relating to but not limited to: our business strategies,
plans and objectives, and drilling, testing and exploration
expectations. These forward-looking statements are based on certain
key assumptions regarding, among other things: our ability to add
production and reserves through our exploration activities; the
receipt, in a timely manner, of regulatory and other required
approvals for our operating activities; the availability and cost
of labor and other industry services; the continuance of existing
and, in certain circumstances, proposed tax and royalty regimes;
and current industry conditions, laws and regulations continuing in
effect (or, where changes are proposed, such changes being adopted
as anticipated). Readers are cautioned that such assumptions,
although considered reasonable by Petro-Victory at the time of
preparation, may prove to be incorrect.
Actual results achieved will vary from the information provided
herein as a result of numerous known and unknown risks and
uncertainties and other factors.
The above summary of assumptions and risks related to
forward-looking statements in this press release has been provided
in order to provide shareholders and potential investors with a
more complete perspective on Petro-Victory's current and future
operations and such information may not be appropriate for other
purposes. There is no representation by Petro-Victory that actual
results achieved will be the same in whole or in part as those
referenced in the forward-looking statements and Petro-Victory does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities law.
SOURCE Petro-Victory Energy Corp.