- Amended Statement of Beneficial Ownership (3/A)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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

1. Name and Address of Reporting Person ^*

ZAMBER RONALD

2. Date of Event Requiring Statement (MM/DD/YYYY) 1/24/2009

3. Issuer Name and Ticker or Trading Symbol

VICTORY ENERGY CORP [VYEY]

(Last) (First) (Middle)

C/O VICTORY ENERGY CORPORATION, 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)

(Street)

NEWPORT BEACH, CA 92660

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

3/18/2011

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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	7062578 ⁽¹⁾	D
Common Stock ⁽²⁾	1250000	I	By James Capital Consulting, LLC ⁽³⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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 Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security
Warrants ⁽²⁾	12/29/2007	12/28/2022	Common Stock	400000	$.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	3/31/2008	3/30/2023	Common Stock	500000	$.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	6/30/2008	6/27/2023	Common Stock	858000	$.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	9/30/2008	9/29/2023	Common Stock	1040000	$.25	I	By James Capital Consulting, LLC ⁽³⁾
Warrants ⁽²⁾	12/31/2008	12/30/2023	Common Stock	895557	$.25	I	By James Capital Consulting, LLC ⁽³⁾

Explanation of Responses:
( 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

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, CA 92660	X

Signatures
/s/ Ronald Zamber		5/3/2011
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.