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Vital Energy Inc (Canada) V.VUX

Alternate Symbol(s):  SNYXF

Vital Energy Inc. is an oil and gas exploration and development company, which is engaged in the acquisition of, exploration for and development of crude oil and natural gas in Western Canada. Its core property areas include the SE Saskatchewan property area, West Central Alberta property area, the original SW Saskatchewan property and East Central Alberta property areas. The SE Saskatchewan property area includes the two production properties - Lampman and Steelman, and four undeveloped and non-producing properties - Gainsborough, Dalesboro, Weyburn and Hume. The SW Saskatchewan property area includes two producing properties - Gull Lake and Pennant. The East Central Alberta property area includes two producing properties - Sullivan Lake and Baxter Lake. The West Central Alberta property area includes three undeveloped and non-producing properties - Pembina-1, Pembina-2 and Ante Creek. The Gull Lake property is covered with 3D seismic data and has over nine wells producing crude oil.


TSXV:VUX - Post by User

Bullboard Posts
Comment by marketmover1on Jun 06, 2012 3:36pm
354 Views
Post# 19986483

RE: re:news release

RE: re:news release

Pretty much setting up Alexander at a snails pace for sure. Setting up for production shouldn't take 3 weeks especially with holding tanks on site. It should be just a matter of tieing in with some piping to the tanks and away she goes. Unless the wells are not free flowing and they have to bring in a service rig to set up the downhole pumps/production tubing or pump jack. Even so it should not take 3 weeks to do that. And what about the financing with the overseas broker "Beaufort". Must not be working out for them, that will be an issue with Sundance. Hard to get $ from these markets, they will have to wait for better market conditions and for production # from Alexander and Lashburn. Still a long way off from drilling their bakken properties and expanding Alexander. Oh well I am prepared to wait. This CEO has a pretty good reputation, hopefully it will work out. 

 

GLTA
MM1

Bullboard Posts