Vital Energy Q2 2022 Results. Ending June 30, 2022 (All Information Available On Sedar)
Ticker Symbol: VUX
Price: $0.375
Common Shares: 82,249,971
Warrants: Nil
Options: 1,250,000 @ $0.25
Market Cap: $31 million
Insider Holdings: 55,311,353 or 67.3% of the float
Tax Pools: $51 million (Less Q1-Q2 2022 earnings. Available in 2021 audited results)
2021 Reserves: 1,340,100 barrels (Breakdown Available On Sedar)
Financials
ASSETS
Cash: $1,512,995
Short Term Investments: $4,415,385
Receivables: $2,269,103
Prepaid Expenses: $539,581
Deposits: $566,229
Exploration & Evaluation Assets: 2,205,136
Right Of Use Assets: $164,113
Property & Equipment: $10,812,367
Total Assets: $22,484,909
LIABILITIES
Accounts Payable: $1,666,485
Contract Liabilities: $419,522
Current Lease Liability: $42,522
Current Decommissioning Liability: $268,279
Bank Loan: $60,000
Lease Liability: $125,991
Decommissioning Liabilities: $1,482,304
Total Liabilities: $4,065,103
2022 Six Month Performance
Revenue: $11,654,334
Net Income: $6,283,114
Earnings Per Share: $0.0764c
Rather than posting the usual MD&A highlights as stated on Vital Energy’s MD&A, I have put a link below to a well documented video that breaks down everything in fantastic detail:
https://www.youtube.com/watch?v=E2SFUCQ9FYg