Jeff Standen reports
VITAL ENERGY INC.: FURTHER DETAILS ON PENNANT PROJECT, S.W. SASKATCHEWAN - CORE PROJECT AREA
Further to Vital Energy Inc.'s news releases dated March 31, 2017, and April 21, 2017, the company has released additional details on the four leases acquired at the Saskatchewan Crown land sale in the Pennant area project lands. Pursuant to its agreement with the third party, namely Cerus Energy Group Ltd., the amount of the first cash advance to Vital was $360,000. The lease acquisitions totalled 5,220 acres, more than doubling Vital's current Pennant area project lands and bringing the total 100-per-cent-owned Pennant area project lands to approximately 8,580 contiguous acres.
Vital Energy is a junior oil and gas company whose primary focus is developing light and medium crude oil production in Western Canada.
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