CALGARY, ALBERTA–(Marketwired – March 27, 2015) – Vital Energy Inc. (“Vital” or the “Corporation”) (TSX VENTURE:VUX) is pleased to announce that:
Mr. Vincent Cheung, P. Eng. has been appointed to the Board of Directors of Vital Energy Corporation. Mr. Cheung has been an active Petroleum Engineer in the oil and gas industry for in excess of 37 years. Vincent has held both technical and management positions with major, intermediate, junior and start up energy companies.
Mr. Cheung received his BSc. in Chemical Engineering in 1975 and his MEng. Degree in Chemical Engineering in 1985, both from the University of Calgary. He is registered professional engineer in the Province of Alberta and is a member of the Society of Petroleum Engineers.
Mr. Cheung has extensive industry experience in reservoir engineering, reservoir modeling, unconventional resources, enhanced oil recovery, oil and gas asset management and business management.
The Corporation looks forward to utilizing Mr. Cheung’s vast experience, knowledge and expertise as it continues to develop and grow its significant light and medium oil asset base and pursue other strategic oil and gas opportunities.
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.
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. 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.
Vital Energy Inc.
Jeff Standen
President
(403) 699-9668
(403) 699-9660 (FAX)
jstanden@vitalenergyoil.com
www.vitalenergyoil.com