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Enter Symbol
or Name
USA
CA



Vital Energy Inc
Symbol VUX
Shares Issued 60,499,971
Close 2015-10-28 C$ 0.10
Market Cap C$ 6,049,997
Recent Sedar Documents

ORIGINAL: Vital Energy Inc. Announces Financial Results for 3rd Quarter of 2015

2015-11-27 14:16 ET - News Release

CALGARY, ALBERTA -- (Marketwired) -- 11/27/15

Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announced today the filing of its management discussion and analysis and the unaudited condensed interim financial statements for the period ended September 30, 2015. Such filings can be accessed electronically from the SEDAR website at www.sedar.com.

HIGHLIGHTS


--  Production increased to approximately 190 boe/d for the 3 months ended
    September 30, 2015 up 160% from the daily production at the end of the
    second quarter 2015 and up over 400% 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, S.W. Saskatchewan. Operating costs were $17.45 per boe in Q3
    as compared to $22.93 per boe for the first 6 months of 2015. 
--  Average oil price for the Corporation's production for the 9 months
    ended September 30, 2015 was $46.06 per boe. 
--  Operating net back for the 9 months ended September 30, 2015 was $22.82
    per boe. 
--  General and administrative costs were reduced over $200,000 from the
    comparable 9 month period in 2014, excluding the 2014 listing costs.

Vital Energy Inc. is a publicly traded junior oil and gas company (TSX VENTURE:VUX) whose primary focus is developing light and medium crude oil production in Western Canada.

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.

BOE Presentation. References herein to "boe" mean barrels of oil equivalent derived by converting gas to oil in the ratio of six thousand cubic feet (Mcf) of gas to one barrel (bbl) of oil. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Contacts:
Vital Energy Inc.
Jeff Standen
President
(403) 699-9668
(403) 699-9660 (FAX)
jstanden@vitalenergyoil.com
www.vitalenergyoil.com

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