Vital Resources reports progress on Indonesian acquisition Source: 09-MAY-2008 Intellasia | Press Release
May 9, 2008 - 7:00:00 AM
Vital Resources Corp ("Vital") (CNQ Exchange -VITL, Frankfurt Stock Exchange -VZN) is pleased to update shareholders on the progress of the potential acquisition of Ramok and Senabing oil and gas fields in Sumatra, Indonesia.
Vital continues to work towards the potential closing of the acquisition of Ramok and Senabing fields. A report is being completed by GLJ Engineering, an internationally-recognised engineering firm. This reserve and resource estimate will be prepared in accordance with the requirements of Canadian National Instrument 51-101 on firm Standards of Disclosure for Oil and Gas Activities ("NI 51-101").
Vital is also working with another party on the Indonesian acquisition. This relationship will build and strengthen the team while adding a tremendous amount of international experience in the oil and gas industry.
Vital Resources is a Calgary-based international junior oil and gas exploration company.
Certain information regarding Vital contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although Vital believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Vital's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
The CNQ Exchange does not accept responsibility for the adequacy or accuracy of this release.
