Mr. Jeff Standen reports

VITAL ENERGY INC. ANNOUNCES FINANCIAL RESULTS FOR 3RD QUARTER OF 2015

Vital Energy Inc. has filed its management discussion and analysis and the unaudited condensed interim financial statements for the period ended Sept. 30, 2015. Such filings can be accessed electronically from the SEDAR website.

Highlights

• Production increased to approximately 190 barrels of oil equivalent per day for the three months ended Sept. 30, 2015, up 160 per cent from the daily production at the end of the second quarter of 2015 and up over 400 per cent from year-end 2014.
• Operating costs have been significantly reduced due to the installation of water injection and other company-owned infrastructure in the Gull Lake area, southwest Saskatchewan. Operating costs were $17.45 per boe in the third quarter as compared with $22.93 per boe for the first six months of 2015.
• Average oil price for the corporation's production for the nine months ended Sept. 30, 2015, was $46.06 per boe.
• Operating netback for the nine months ended Sept. 30, 2015, was $22.82 per boe.
• General and administrative costs were reduced over $200,000 from the comparable nine-month period in 2014, excluding the 2014 listing costs.