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Vital Energy Inc (Canada) V.VUX

Alternate Symbol(s):  SNYXF

Energy Oil & Gas E&P
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

Vital Energy Inc (Canada) > VUX Q2 Results Out Soon. 4 Wells Currently Being Drilled
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Post by Roddiggition Aug 08, 2022 1:07pm
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Post# 34879197

VUX Q2 Results Out Soon. 4 Wells Currently Being Drilled

VUX Q2 Results Out Soon. 4 Wells Currently Being Drilled
Vital Energy Q2 results will be out end of August and the company should be able to show another hefty profit, given their production cost is around $13 per barrel. At the same time, the company has just started drilling a series of wells in Saskatchewan, in the same area as the three Lampman wells that were put into production last year.
 
I am estimating that the company cash position + receivables will have gone up by at least $3 million and if all four wells hit, total company production should be around 1000bopd.
 
Image link: https://cdn-ceo-ca.s3.amazonaws.com/1hf2995-Vital%20Level%202%20more%20wells.JPG

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