Petro-Victory Energy Corp. said its first year operating Capixaba Energia delivered sharply higher production, lower unit costs and stronger cash generation after the April 2025 acquisition partnership with Blue Oak Investments. Oil production rose 128% to 583 bbl/d from 256 bbl/d, gas production increased 471%, production costs fell 37% to US$16.3/bbl from US$25.8/bbl, and the business generated R$17 million of free cash flow from operations that was reinvested into the asset. The company also reported a six-percentage-point improvement in the weighted-average discount on oil sales, to 11.3% from 17.3%. Petro-Victory said its workover campaign achieved 98.7% operational efficiency with 2,682 productive hours, 35 hours of non-productive time and zero accidents, validated wells LP-38, LP-73 and LP-77D, confirmed the Upper Urucutuca as a new commercial horizon without additional drilling, and increased water injection capacity about 67% to 20,000 bpd from approximately 12,000 bpd without additional CAPEX.