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Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) announced today the completion of its previously announced acquisition (the “Arrangement”) of Lucero Energy Corp. (TSXV: LOU, OTCQB: PSHIF) (“Lucero”). The Arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of King’s Bench of Alberta on March 6, 2025.

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy Announces Completion of Lucero Acquisition

Fri, 07 Mar 2025 08:33:00 -0400

“We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

Mon, 16 Dec 2024 07:00:00 -0400

HIGHLIGHTS

Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse’s earnings, operating cash flow, free cash flow and net asset value
Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
Upon closing, this acquisition strengthens Vitesse’s financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net)