Business
Vital Energy Annouces Acquisition of Crown Lands
Calgary, Alberta--(Newsfile Corp. - January 5, 2026) - Vital Energy Inc. (TSXV: VUX) (...
About this update from Vital Energy Inc.
[{"type":"text","content":"Vital Energy Annouces Acquisition of Crown LandsCalgary, Alberta--(Newsfile Corp. - January 5, 2026) - Vital Energy Inc. (TSXV: VUX) (the \"Corporation\" or \"Vital\") announces that the Corporation acquired seven (7) sections totaling approximately 1,792 hectares of Alberta Crown petroleum and natural gas (\"P&NG\") rights in the Elmworth area of the Grande Prairie region, Alberta, for a total purchase price of $5,998,139, inclusive of bonus consideration and associated Crown fees. The acquired lands include P&NG rights from surface or base of the Nikanassin Formation to the base of the Halfway Formation under a four-year Northern P&NG License. Together with two (2) sections previously acquired in 2025, Vital now holds a total of nine (9) sections in the same area. Based on internal technical work completed to date, Vital has identified the potential for up to 44 drilling locations across this land base in Charlie Lake dolomite/siltstone reservoir.Vital intends to focus a significant portion of its future technical, operational and capital efforts on its higher production potential Charlie Lake asset within the Charlie Lake reservoir core area of Grand Prairie region. ‎Vital Energy Inc. is a publicly traded junior oil and gas company (\"VUX\" TSXV) whose primary focus is light and medium crude oil production in Western Canada. Website: www.vitalenergyoil.comFor further information please contactYingchuan Wu, PresidentTel: (403) 988-8286Fax: (403) 699-9660Or visit our website at:www.vitalenergyoil.com 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. Forward-Looking StatementsThis news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Corporation, including future plans and objectives, and the acquired lands. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipa...