Edgar Filing: ZAMBER RONALD

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â ZAMBER RONALD

2. Date of Event Requiring Statement (Month/Day/Year)
01/24/2009

3. Issuer Name and Ticker or Trading Symbol
VICTORY ENERGY CORP [VYEY]

(Last)

(First)

(Middle)

C/O VICTORY ENERGY CORPORATION,Â 20341 IRVINE AVENUE, #D-6

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)
03/18/2011

(Street)

NEWPORT BEACH,Â CAÂ 92660

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,062,578 ⁽¹⁾	D	Â
Common Stock ⁽²⁾	1,250,000	I	By James Capital Consulting, LLC ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants ⁽²⁾	12/29/2007	12/28/2022	Common Stock	400,000	$ 0.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	03/31/2008	03/30/2023	Common Stock	500,000	$ 0.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	06/30/2008	06/27/2023	Common Stock	858,000	$ 0.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	09/30/2008	09/29/2023	Common Stock	1,040,000	$ 0.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	12/31/2008	12/30/2023	Common Stock	895,557	$ 0.25	I	By James Capital Consulting, LLC ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ZAMBER RONALD C/O VICTORY ENERGY CORPORATION 20341 IRVINE AVENUE, #D-6 NEWPORT BEACH,Â CAÂ 92660	Â X	Â	Â	Â

Signatures

/s/ Ronald Zamber		05/03/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Reporting person inadvertently failed to disclose beneficial ownership of 2,614,116 shares of Common Stock.
(2)	Reporting person inadvertently failed to disclose beneficial ownership of these securities owned indirectly by James Capital Consulting, LLC.
(3)	The securities are owned by James Capital Consulting, LLC. The reporting person holds a 50% interest in James Capital Consulting, LLC and is also the managing member. Reporting person disclaims beneficial ownership in the securities except to the extent of his pecuniary interest therein

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