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The assets involved include the Andorinha field concession and six exploration blocks in the Potiguar Basin.
Petro-Victory Energy (VRY.V) on Friday said it will take a 10.25% stake in Brazil's Azevedo & Travas
Petro-Victory Energy Corp. (TSXV: VRY) ("Petro-Victory" or the "Company") announces that it has entered into a definitive association agreement on March 26, 2026 (the "Agreement") with Azevedo & Travassos Energia S.A. ("ATE") (B3: AZTE3), a Brazilian publicly listed oil and gas company, pursuant to which Petro‑Victory will contribute certain Brazilian assets in the Potiguar Basin to a newly formed subsidiary that will be incorporated into ATE (the "Transaction").
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