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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

Comment by Roddiggition Apr 25, 2022 6:58pm
65 Views
Post# 34630564

RE:Roddi ;

RE:Roddi ;Below is a breakdown for you:

2018 Revenue - $4.3 million ($870k loss)

2019 Revenue - $7.6 million ($852k profit)

2020 Revenue - $5 million (large loss, mostly from a $6.5 million write down) 2021(Q1-Q3)

Revenue - $8 million ($2.5m profit with $67 oil pricing & mostly production under 400bopd)

Keeping in mind that their production more than doubled at the end of Q3 due to the Lampman wells going online. So that was only a month of 1000+bopd production. I'm expecting them to almost match that revenue for Q4 and earn another $2.5-3 million in net.

Q1 2022 Estimate - 1000bopd X $95WTI(Avg) X 90 days = Should be $8.5 million revenue with a $3.5-4 million net profit. I think they'll earn around $0.20c per share in 2022, assuming oil stays above $70 a barrel. Vital also has a few dozen drill locations, so their production could double by the end of the year.
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