Vital Resources Inks LOI to Acquire Two Indonesian Fields

Vital Resources has entered into a Letter of Intent Agreement (LOI) that moves the company closer to execution of its international oil and gas growth plan.

Vital has entered into a LOI with Houston-based Tradewinds Oil & Gas International, Ltd. for the purchase of a 100 percent interest in the producing Ramok and Senabing oil and gas fields. The LOI follows the previously announced Memorandum of Understanding announced by the company on September 27.