Vitesse Energy Announces Completion of Lucero Acquisition
Summary
Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading US operators. The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "probable," "project," "forecasts," "predict," "outlook," "aim," "will," "could," "should," "would," "potential," "may," "might," "anticipate," "likely," "plan," "positioned," "strategy," and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements include, but are not limited to, statements regarding Vitesse’s plans and expectations with respect to the Arrangement, the status of the listing of Lucero Shares on the TSX Venture Exchange and the anticipated impact of the Arrangement on Vitesse’s results of operations, financial position, growth opportunities and competitive position, including its dividend, its ability to make future accretive acquisitions and its strategies and plans and integration. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Arrangement; the diversion of management time on Arrangement-related issues; the ultimate timing, outcome and results of integrating the operations of Vitesse and Lucero; the ability of Vitesse to realize anticipated synergies in the timeframe expected or at all; changes in capital markets and the ability of Vitesse to finance operations in the manner expected; the risk of changes in governmental regulations or enforcement practices; the effects of commodity prices; the risks of oil and gas activities; and the fact that operating costs and business disruption may be greater than expected following the consummation of the Arrangement. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation, strategies Vitesse’s operations, oil and natural gas market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.