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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

Post by kiskadogon Sep 01, 2021 9:40pm
169 Views
Post# 33799192

FINANCIALS OUT-back on track :)

FINANCIALS OUT-back on track :)Highlights
• The Company reported net income of $499,659 in Q2 2021 as compared to a net loss of $450,652 in Q2 2020.
• Revenue was $2,205,448 in Q2 2021 as compared to Q2 2020 revenue of $134,556, an increase of $2,070,892.
• Q2 2021 realized oil price was $62.88 as compared to $54.59 in Q1 2020.
• Production increased by 27,372 boe in Q2 2021 as compared to Q2 2020.

Six months ended June 30 ( Tough to compare with a COVID year )

Revenue 2021   $3,860,705  vs  2020  $1,813,617

With strong oil prices in 2021 the outlook for the year looks very good

2020 Q4- Oil Price $ 42.66
2020 Q3- Ol price  $ 40.93
2020 Q2- Oil Price $ 27.85
2020 Q1- Oil Price $ 46.17

2021 Q2- Oil Price $ 61.96
2021 Q1- Oil Price $ 57.84
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