Vital Energy Announces Year-End Filings
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 04/30/15 -- Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE: VUX) is pleased to announce that it has filed its annual reserves information for the year ended December 31, 2014 in accordance with National Instrument 51-101 Standard of Disclosure for Oil and Gas Activities. In addition, the Corporation has filed its audited financial statements and management discussion and analysis for the year ended December 31, 2014. All of the aforementioned documents are available for review electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at .
Highlights
Reserves Information
All reserves information disclosed below is derived from the independent reserves report prepared by GLJ Petroleum Consultants for the year ended December 31, 2014 and are included in the National Instrument 51-101Statement of Reserves Data and Other Oil and Gas Information document ("NI 51-101F1") filed by the Company. Investors are encouraged to read the NI 51-101F1, a copy of which is available under the Company's SEDAR profile, in its entirety.
Year End December 31, 2014
Capitalization
Appointment of New Director
As previously announced, the Corporation has approved the appointment of Mr. Vincent Cheung, P.Eng., M.Eng. as a director of the company. In his capacity as director Mr. Cheung was granted 450,000 shares of stock options with an exercise price of $0.25 per share. The stock options will expire five years from the date of grant.
Additional Stock Option Grant
The Corporation announces that Mr. Dongsong (Dave) Yang, P. Geophys., PhD. In his capacity as Manager of Geophysics Dave was granted 100,000 shares of stock options at $0.25 per share. The stock options will expire five years from the date of grant.
Vital Energy Inc. is a publicly traded junior oil and gas company (TSX VENTURE: VUX) whose primary focus is developing light and medium crude oil production in Western Canada.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.
Forward-Looking Statements
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts, including statements about completion of wells and future drilling plans. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Contacts:
Vital Energy Inc.
Jeff Standen
President
(403) 615-5827
(403) 699-6990 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 30.04.2015 - 21:05 Uhr
Sprache: Deutsch
News-ID 390053
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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