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Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

Energy Oil & Gas E&P
Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Vermilion Energy Inc. > Breaking: VET Challagenges WFT in court
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Comment by Quintessential1on Apr 27, 2024 10:52am
167 Views
Post# 36010905

RE:Breaking: VET Challagenges WFT in court

RE:Breaking: VET Challagenges WFT in court

"The idea of levying a tax on the sector Europe-wide has already been challenged in the courts by ExxonMobil. It lodged a case late last year with the EU General Court opposing the regulation that allowed national parliaments to impose the tax."

I guess VET got tired of sitting on their hands awaiting an outcome here but it probably would have been the financially prudent thing to do unless some kind of a time limitation on challanging it was coming up.  

Good luck to them as even a reduction to the EU recommended level would be considerable.

GLTA




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