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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 Jan 06, 2013 11:15am
162 Views
Post# 20802980

RE: Test well

RE: Test well

Companies normally don't share information like 3D seismic unless there is a fee paid to the company supplying the info, 3D is very expensive, SNY did perform a small 3D seismic program covering the drill location. Maybe Petro Reef engineer helped SNY interpret the data? By the way Petro Reef have sinced changed their name to Alexander(alx.v). Anyways hopefully SNY will have a successful test of the well to turn their fortunes around a little as thing are looking bleak at the moment. It would be a shame for the company to fold due to lack of funds or at the very least have to go through share rollbacks though I think that is inevitable. 

 

GLTA

MM1

Bullboard Posts