Victory Energy, an independent, growth-oriented oil and gas company, has engaged the services of accounting firm Weaver and Tidwell, L.L.P. (Weaver) to audit the company's financial statements and its annual 10-K report for the 2013 reporting period.
Weaver will also review Victory Energy's unaudited quarterly financial information for each of the three quarters and the related 2013 year-to-date periods, which are to be included in the quarterly reports (Form 10-Q) to be filed. Upon completion of the quarterly reports, Victory Energy will be current and will be allowed to file its annual 10-K report in a timely manner.
Victory Energy CEO Kenny Hill said that retaining a reputable accounting firm such as Weaver is a natural fit for Victory Energy as it remains on pace for continued growth.
"Our recent announcement that Victory has doubled its reserves since the end of 2012 and expects to continue on this impressive trend has set the tone for the quality of management and execution that we expect of our team going forward," Hill stated in the news release. "Weaver is not only the largest independent accounting firm in the Southwest, they are also providing their services to other oil and gas companies that we view as the top of their class. Weaver's Texas roots and their extensive knowledge and relationships in the oil and gas industry make them an ideal firm to serve as our auditor of record as we enter the next phase of growth here at Victory."
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