Vital Energy Inc. ("Vital") (TSX VENTURE:VUX) announced today, further to its news releases dated March 31, 2017 and April 21, 2017, further details on the 4 leases acquired at the Saskatchewan Crown land sale in the Pennant Area project lands. Pursuant to its agreement with the Third Party, namely Cerus Energy Group, the amount of the first cash advance to Vital was $360,000. The lease acquisitions totaled 5,220 acres more than doubling Vital's current Pennant Area project lands and bringing the total 100% owned Pennant Area project lands to approximately 8,580 contiguous acres.
Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSX-V) whose primary focus is developing light and medium crude oil production in Western Canada.
SOURCE: Vital Energy Inc.
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