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    Charles 'Poe' Fratt • Alliance Global Partners

    Charles 'Poe' Fratt's questions to Vitesse Energy Inc (VTS) leadership

    Charles 'Poe' Fratt's questions to Vitesse Energy Inc (VTS) leadership • Q1 2025

    Question

    Charles 'Poe' Fratt from Alliance Global Partners asked for clarification on the acquisition budget within the revised $80-$110 million CapEx guidance. He also questioned if 'chunky' acquisition opportunities were still prevalent and requested a G&A expense forecast for the remainder of the year.

    Answer

    Executive Ben Messier explained the wide CapEx range includes a base case of $10 million for acquisitions but provides flexibility to spend up to $30 million on attractive opportunities. Chairman and CEO Robert Gerrity confirmed it is 'chunky time' for M&A and that Vitesse is actively looking for larger deals similar to the Lucero transaction. CFO James Henderson projected G&A to run around $4 per BOE for the rest of the year, noting that Q1 G&A was elevated by $1.6 million in litigation costs that will continue into Q2.

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    Charles 'Poe' Fratt's questions to Knot Offshore Partners LP (KNOP) leadership

    Charles 'Poe' Fratt's questions to Knot Offshore Partners LP (KNOP) leadership • Q3 2024

    Question

    Charles 'Poe' Fratt asked about the appropriate run-rate for operating expenses, the expected insurance recovery amount, the timeline for renewing revolving credit facilities, and the magnitude of rate improvement on recent charters.

    Answer

    CEO & CFO Derek Lowe suggested the Q3 operating expense level is a reasonable guide for Q4. He confirmed an insurance recovery is expected in Q4 but did not quantify the amount. He outlined that discussions to renew the revolvers would occur in the first half of the next year, with news likely shared in subsequent earnings releases. He declined to quantify specific rate improvements.

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