Vitesse Energy, Inc. (NYSE:VTS) Q1 2024 Earnings Call Transcript

Brian Cree: Yes, I think, I think, for the sellers, price is always something that’s important to them. But, but at the same time, I think they just, the history most of them have had with us, they have trust that they can move forward with a transaction, that we’re going to look at it and that we’re going to be able to close. And, a lot of times these guys, guys will get AFEs in. They then have 30 days from which to make a decision, and they’re trying to move these AFEs a lot of times within that 30 days. So having somebody to deal with that, they have the confidence that can get it done will close. That is not going to back out on them in the last minute, is going to provide them a reasonable offer. I think that all plays into it.

Noel Parks: Great. Thanks a lot.

Bob Gerrity: Thanks, Noel.

Operator: Thank you. There are no further questions at this time. I would now like to hand the call back over to Bob Gerrity for closing remarks.

Bob Gerrity: Thank you all for the time you spent with us this morning. If you had any follow up questions, Ben Messier does a great job of filling in the cracks here, so look forward to seeing everybody or talking to you in three months. Thank you. Bye-bye.

Operator: Thank you. This does conclude today’s teleconference. We appreciate you participation. You may disconnect at this time and enjoy the rest of your day.