Vital Energy Q2 results will be out end of August and the company should be able to show another hefty profit, given their production cost is around $13 per barrel. At the same time, the company has just started drilling a series of wells in Saskatchewan, in the same area as the three Lampman wells that were put into production last year. I am estimating that the company cash position + receivables will have gone up by at least $3 million and if all four wells hit, total company production should be around 1000bopd.
