Lucero Energy

Vitesse Energy completes $222 million acquisition of Lucero Energy

March 7, 2025

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. 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. The addition of Lucero’s operations will enable

Vitesse Energy to acquire Lucero Energy in accretive all-Stock transaction supporting increase to Vitesse’s dividend

December 16, 2024

(Oil & Gas 360) 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

Vitesse Energy completes $222 million acquisition of Lucero Energy

Vitesse Energy to acquire Lucero Energy in accretive all-Stock transaction supporting increase to Vitesse’s dividend

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