Brief: Vital Energy enters into an agreement with a third party

Vital Energy (Canada)

31/03/2017 12:04

March 31 (Reuters) - Vital Energy Inc  VUX.V :  
    * Vital Energy - entered into an agreement with a third 
party whereby the third party has committed to spend up to $10.5 
million 
    * Vital Energy says the $10.5 million will be spent among 
other things, drill, frac, test, complete and equip up to 7 one 
mile horizontal test wells on one of co's project areas 
    * Says it will be operator of phase 1 drilling program 
    * Says drilling is expected to commence immediately after 
spring break up 2017 
 
Source text for Eikon:  ID:nMKWtLBYQa  
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