CALGARY, Sept. 27 /CNW/ - Vital Resources Corp. ("Vital") (CNQ Exchange -
VITL; Frankfurt Stock Exchange - VZN) is pleased to have entered into a
Memorandum of Understanding (MOU) Agreement that will transform the company
into a producing company with diversified oil and gas assets in Indonesia and
Vital has entered into this MOU Agreement with a Houston-based
international oil & gas company for the purchase of a 100% interest in two
producing oil & gas fields located on the island of Sumatra, Indonesia.
Vital is also in negotiations to reduce its interest in three Service
Contracts in the Philippines in order to balance its risk-reward profile while
enabling growth in other areas in addition to the Philippines.
Vital Resources is a Calgary-based international junior oil and gas
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
The CNQ Exchange does not accept responsibility for the adequacy or
accuracy of this release.
For further information:
For further information: Vital Resources Corp., Kevin Worth, Investor
Relations, Phone: (403) 668-1645, Email: firstname.lastname@example.org, Website:
www.vitalrescorp.com; Syndicated Capital Corporation, A. Salman Jamal, Phone:
(604) 694-1994, Toll Free: 1-888-410-1994, Email: email@example.com,