Vital Energy Inc (VUX)

[JonnyRBuck12]

Vital Energy files 2023 results, completes drilling

2024-04-25 16:35 ET - News Release


Mr. Yingchuan Wu reports

VITAL ENERGY ANNOUNCES 2023 FILING OF FINANCIALS AND RESERVES EVALUATION AND RESULTS OF THE PEMBINA DRILLING PROGRAM

Vital Energy Inc.'s 2023 annual financial statements, management's discussion and analysis and Forms 51-101 regarding statement of reserves data and other oil and gas information have been filed on SEDAR+ and are also available on the corporation's website.

On Oct. 25, 2023, the corporation commenced drilling six horizontal wells in the Cardium reservoir at pad 1-29-50-10W5 in the Pembina area of Alberta. The drilling, completion and production systems are now complete and initial production has tested the wells above 100 bbl/d (barrels per day) of light oil and up to 300 bbl/d of light oil. The well production for the 50 days since the six wells came on production has averaged 503 bbl/d of light oil for the six wells or 84 bbl/d of light oil per well.

At the close of business on April 24, 2024, Jeffrey Standen resigned as a director of the corporation.

About Vital Energy Inc.

Vital Energy is a publicly traded junior oil and gas company whose primary focus is light and medium crude oil production in Western Canada.

We seek Safe Harbor.