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

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Post by Vulture46on Sep 01, 2019 10:51am

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Post# 30087105

UPDATE ON CROATIA

Central & Eastern Europe (CEE)

map-eastern-europe

Vermilion's establishment of early entry positions in Croatia, Hungary and Slovakia represents an extension of our European growth strategy.

Our positions are characterized by modest, back-loaded commitments covering acreage that is prospective for both oil and gas and that can benefit from the application of new technology.

Our position in Croatia now covers nearly 2.35 million acres (100% working interest) making Vermilion the largest onshore landholder in the country. A significant portion of our acreage is located near producing oil and gas fields.

We hold more than 650,000 acres in Hungary (100% working interest) across the South Battonya, Ebes and Bkssmson concessions.

In Slovakia, we have partnered with NAFTA, the country's dominant E&P in a farm-in arrangement which grants us a 50% working interest to jointly explore 490,000 acres across two licenses.

In Ukraine, we have been awarded two exploration licenses in a 50/50 partnership with Ukrgazvydobuvannya ("UGV“), a Ukrainian state owned gas producer.

ukraine map