Victory Energy Corporation Live Investor Presentation Now Available on Company's Website

AUSTIN, Texas, May 11, 2012 /PRNewswire/ -- Victory Energy Corporation (OTCQB: VYEY) today announced that their May 3rd RetailInvestorConferences.com presentation and audio is now available for on-demand viewing on the Company's website at www.vyey.com. In the multimedia presentation, management provided an update on recent accomplishments and laid out the company's growth strategy for the remainder of 2012.  Highlights included:

• A discussion about The Navitus Energy Group as an ideal short term capital source and the Company's plans to use them
• A discussion of the $5M drilling program planned for the Company's Lightnin' prospect and its potential to generate 921,120 to 1,824,000 barrels of oil equivalent (EUR)
• An update on the status of the second Bootleg Canyon well, which is nearing total depth and is expected to allow Victory to book Proved Undeveloped Reserves (PUD) for the first time in the Company's history
• An overview of recent actions to reduce costs and strengthen the balance sheet, including the elimination of all debt as of the end of March
• A preview of Victory's current pipeline of potential asset acquisitions, which includes sizeable internally generated prospects

In conjunction with the presentation, Victory published a new company slide presentation and also debuted a detailed write-up about one of its most recent investments, the Lightnin' prospect.  Both documents are now available for download on the Company's website.  Investors are encouraged to listen to the webcast or read the transcript while reviewing the slides, as the narrated presentation provides additional context beyond the content of the slides.

Please note that Victory Energy intends to use its website, www.vyey.com, as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Such disclosures will be included on the Victory Energy website in the "Investor Relations" section. Accordingly, investors should monitor such portions of the Victory Energy website in addition to following press releases, SEC filings and public conference calls and webcasts.

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Victory Energy Corporation is engaged in the exploration, acquisition, development, and production of domestic oil and gas properties. The company now leverages both internal capabilities and strategic industry relationships to acquire working interest positions in low-to-moderate risk oil and gas prospects. Current assets are held in partnership with Aurora Energy Partners, in which Victory has a 50% ownership interest and is the managing partner.

Future investment will focus primarily on oil or liquid-rich gas projects within longer-life reservoirs that offer lower F&D costs / BOE.

The company had nine wells on production entering FY 2011 and seventeen on production at the end of the calendar year. Acreage held as of March 2012 provides a potential pipeline of 31 additional gross wells that could be drilled. The capital budget for 2012 includes 15 of those 31 wells.  The company also has line of sight to incremental projects beyond current acreage.

The company's current producing oil and gas assets are located in the United States. Download the investor fact sheet for current summary of projects and activity.   Victory Energy is current with its SEC filings and is a full reporting company.  The Company is traded under the ticker symbol VYEY on the OTCQB tier, operated by OTC Markets Group.

SOURCE Victory Energy Corporation