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.

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Vermilion Energy Inc > New board member

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Comment by Oldnaggeron Oct 22, 2021 8:24am

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Post# 34036512

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New board member

There are a lot of similarities, Ipco is half the size of VET but more heavily concentrated on heavy crudes in Canada. Shares crude with VET in France . Also has some Malaysian production.
Perhaps a good fit because IPCO has very large contingent reserves. One thing though is that Ipco has huge financing possibilities as part of the Lundin Group. Maybe they should merge with Vet so as to retain the financing capability. Really a necessity if ever the large land position of VET fot nat gas in Europe or for Ipco for heavy crude in Canada is to be developed !!

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