Vital Energy Inc. (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.