Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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 > Shell Does Not Exect to Pay Any Windfall Taxes In The UK

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Comment by Quintessential1on Jan 06, 2023 1:27pm

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Post# 35207343

RE:RE:Shell Does Not Exect to Pay Any Windfall Taxes In The UK

Yeah I think so too. Not only do I think the comments were conservative to cover their bases but a bit of a head fake for the NCIB. Get 'em while they're not hot, so to speak.

GLTY and all

Moemoney42 wrote: I sure hope so Quint.. I do think we'll see that type of accounting rules play out in Ireland too.. and my thoughts are VET wanted to table the possibility of the tax, as the details were and are not clear at the time of commiting to the comment.. that would be a coiled spring event if we find out that VET will not really be paying any tax as well with those tax pools available.. fingers crossed.. XX

Quintessential1 wrote: "Shell has said it is not expecting to pay any of the windfall tax at all this year, as its investments in the North Sea meant it did not count as having made any UK profits."

This sounds very much like tax pools from investment and even though it is the UK and not Ireland the same accounting principals should apply to VET.

The article is a good read (yes even though it is old news) for those that are interested.

https://www.bbc.com/news/business-60295177

GLTA