0001144204-12-065084.txt : 20121127 0001144204-12-065084.hdr.sgml : 20121127 20121127163046 ACCESSION NUMBER: 0001144204-12-065084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121127 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121127 DATE AS OF CHANGE: 20121127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY ENERGY CORP CENTRAL INDEX KEY: 0000700764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 870564472 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-76219-NY FILM NUMBER: 121226895 BUSINESS ADDRESS: STREET 1: 112 N. CURRY STREET CITY: CARSON CITY STATE: NV ZIP: 89703-4934 BUSINESS PHONE: 7029899735 MAIL ADDRESS: STREET 1: 112 N. CURRY STREET CITY: CARSON CITY STATE: NV ZIP: 89703-4934 FORMER COMPANY: FORMER CONFORMED NAME: VICTORY CAPITAL HOLDINGS CORP DATE OF NAME CHANGE: 20030507 FORMER COMPANY: FORMER CONFORMED NAME: NEW ENVIRONMENTAL TECHNOLOGIES CORP DATE OF NAME CHANGE: 20010112 FORMER COMPANY: FORMER CONFORMED NAME: ALL THINGS INC DATE OF NAME CHANGE: 20010112 8-K 1 v329333_8k.htm CURRENT REPORT

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  November 27, 2012

  

VICTORY ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada   2-76219-NY   87-0564472
(State of Incorporation)   (Commission File Number)   (IRS Employer Number.)
         
3355 Bee Caves Road, Suite 608, Austin, TX   78746
(Address of Principal Executive Offices)     (Zip Code)

  

Registrant’s telephone number, including area code: (512)-347-7300

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 5.02.Departure of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Victory Energy Corporation (OTCQB: VYEY), a growth oriented non-operating oil and gas company, today announced the resignation of its Chief Financial Officer, Mark Biggers, for family and personal reasons. Mr. Biggers’ resignation is effective immediately, and he will serve as the Company’s interim chief financial officer during the anticipated short transition period.

 

Mr. Biggers commented, “It’s been a privilege to work with such a great group of individuals. I appreciate and endorse the efforts of the Victory team as they continue to do everything needed to grow the company and build shareholder value. I look forward to following them along the way."

 

Kenny Hill, Victory Energy’s CEO, stated, “I’m pleased that Mark has agreed to stay engaged with Victory during the transition. We thank Mark for his service to the company and wish him well with his future endeavors.”

 

The Company has initiated a search and is currently interviewing candidates.

 

Item 9.01.Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit No.Description

 

99.1Press Release of Victory Energy Corporation dated November 27, 2012

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  VICTORY ENERGY CORPORATION
   
   
Dated: November 27, 2012 By:  /s/ Kenneth Hill
    Kenneth Hill
Chief Executive Officer

 

 
 

 

 EX-99.1 2 v329333_ex99-1.htm PRESS RELEASE

 

NEWS RELEASE

 

  CONTACTS: Victory Energy Corporation
    Kenny Hill, CEO
    Mark Biggers, Interim CFO
    512-347-7300
     
FOR IMMEDIATE RELEASE   Investor Relations:
EXHIBIT 99.1   DRG&L, LLC
    Ken Dennard / Ben Burnham
    713-529-6600

 

Victory Energy Announces Transition of Chief Financial Officer

 

AUSTIN, Texas – November 27, 2012 – Victory Energy Corporation (OTCQB: VYEY), a growth oriented non-operating oil and gas company, today announced the resignation of its Chief Financial Officer, Mark Biggers, for family and personal reasons. Mr. Biggers’ resignation is effective immediately, and he will serve as the Company’s interim chief financial officer during the anticipated short transition period.

 

Mr. Biggers commented, “It’s been a privilege to work with such a great group of individuals. I appreciate and endorse the efforts of the Victory team as they continue to do everything needed to grow the company and build shareholder value. I look forward to following them along the way.”

 

Kenny Hill, Victory Energy’s CEO, stated, “I’m pleased that Mark has agreed to stay engaged with Victory during the transition. We thank Mark for his service to the company and wish him well with his future endeavors.”

 

The Company has initiated a search and is currently interviewing candidates.

 

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.

 

To subscribe to our email news distribution service, please click the “E-News Sign-Up” link on our website.

 

 
 

 

About Victory Energy Corporation

 

Victory Energy Corporation (OTCQB: VYEY) is a non-operating company engaged in the exploration, acquisition, development, and production of domestic oil and gas properties. Victory leverages both internal capabilities and strategic industry relationships to acquire working interest positions in low-to-moderate risk oil and gas prospects.

 

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

 

The Company had seventeen wells on production at the end of the calendar year 2011 and has an estimated forty-five (45) additional gross wells available to pursue on its currently held ten-thousand eight hundred and fifty-nine (10,859) acres.

 

Victory, through its partnership with Aurora Energy Partners, has acquired four prospects this year totaling 2,196 gross acres with the potential to add over 477,066 barrels of net oil equivalent to the Company’s future cash flows. The Company’s current producing oil and gas assets are located onshore in Texas and New Mexico.

 

The Company’s objective is to create long term shareholder value by increasing oil reserves, improving financial returns (higher production volumes, lower costs), and managing the capital on our balance sheet.

 

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.

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

 

There are forward-looking statements contained in this news release. They use such words as “intend,” “will,” “may,” “expect,” “believe,” “plan,” or other similar terminology. These statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different than those expressed or implied in such statements. These factors include, but are not limited to: risks associated with the implementation of the Company’s strategic growth plan; legislation and government regulation including the ability to obtain satisfactory regulatory approvals; conditions beyond the Company’s control such as weather, natural disasters, disease outbreaks, epidemics or pandemics impacting the Company’s customer base or acts of war or terrorism; availability and cost of materials and labor; demand for natural gas; cost and availability of capital; competition; the Company’s overall marketing, operational and financial performance; economic and political conditions; the continued service of the Company’s executive officer; adverse developments in and increased or unforeseen legal costs related to the Company’s litigation; the success of the Company’s strategic partnerships and joint venture relationships; the Company’s ability to pay certain debts; adoption of new, or changes in, accounting policies and practices; adverse court rulings; results of other litigation in which the company is involved; and other factors discussed from time to time in the Company’s news releases, public statements and/or filings with the Securities and Exchange Commission. Forward-looking information is provided by Victory Energy Corporation pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. In addition, the Company disclaims any intent or obligation to update these forward-looking statements.

 

###

 

 
 

 

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