Vital Energy Inc.: Gull Lake, S.W. Saskatchewan Project Area-Update

CALGARY, ALBERTA–(Marketwired – Oct. 29, 2014) – Vital Energy Inc. (“Vital” or the “Corporation”) (TSX VENTURE:VUX) announces that it’s recent Gull Lake Area project development well located at 4-5-14-19 W3M been drilled, completed, equipped and was placed on production on October 16, 2014. The 4-5 is producing oil from the Roseray formation. Stabilized production rates will be reported once the 4-5 well has produced for a minimum of 30 days.

Another Gull Lake Area project development well, located at 15-32-14-19 W3M has been drilled and is currently being completed for oil production from the Roseray formation.

Vital plans to drill at least 1 more well in the Gull Lake Area before year end 2014. The new well will also target oil production from the Upper and Lower Shaunavon formations as well as from the Roseray formation. Vital is the Operator of the Gull Lake Area development project and maintains a 50% interest.

via Google Alert – “Gull Lake” Saskatchewan

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