CALGARY,
AB, March 25, 2024 /CNW/ - Lucero Energy Corp.
("Lucero" or the "Company") (TSXV: LOU) (OTCQB:
PSHIF) announces that pursuant to its Bonus Award Incentive Plan
("Plan"), an aggregate of 1,829,936 restricted awards and
5,142,314 performance awards (collectively, the "Awards")
were granted to certain officers and directors of Lucero. The
Awards will fully vest on September 10,
2027 and shall expire on December 15,
2027. The Awards may be settled by Lucero, in its sole
discretion, in cash and/or shares, in accordance with the terms of
the Plan.
About Lucero Energy
Corp.
Lucero is an oil company engaged in the acquisition,
development, and production of high-quality oil-weighted assets in
the North Dakota Bakken / Three Forks. Lucero's strategic
priorities include successfully managing the Company's cyclical
business with balance sheet strength, a focus on asset quality and
robust capital efficiencies, management of corporate decline
profile for sustainability and using funds flow to maintain and
grow the asset base.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Lucero Energy Corp.