Vital Energy acquires Elmsworth rights for $5.99M

Mr. Yingchuan Wu reports VITAL ENERGY ANNOUNCES ACQUISITION OF CROWN LANDS Vital Energy Inc. has acquired seven sections totalling approximately 1,792 hectares of Alberta Crown petroleum and natural gas 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 licence. Together with two sections previously acquired in 2025, Vital now holds a total of nine 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 is a publicly traded junior oil and gas company whose primary focus is light and medium crude oil production in Western Canada. We seek Safe Harbor.