Vital Energy Inc.
TSX VENTURE : VUX

October 29, 2014 13:53 ET

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.

Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSXV) whose primary focus is developing light and medium crude oil production in Western Canada.

Cautionary Statement

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 Sundance. 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 Sundance 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.

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