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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Comment by Quintessential1on Sep 11, 2023 6:31pm
186 Views
Post# 35630369

RE:RE:RE:How much revenue will Croatia gas bring

RE:RE:RE:How much revenue will Croatia gas bringI think an m was dropped or added.  It happens and I find m and mm confusing sometimes as sometimes million cubic feet is reported as mcf. I copied and pasted this out of their monthly report which does not exist on their site anymore.

CROATIA • 975,000 net acres across two licenses prospective for natural gas and light oil • Drilled two gas wells on SA-10; tested at 15 mmcf/d and 17 mmcf/d* • Gas plant scheduled for start-up in 2024

I found it odd that they would build a plant that would not handle current well capacity so if it was a typo it makes sense but 15 and 17 thousand cubic feet per day seems low too.

GLTY and all





Moemoney42 wrote: Note: I haven't confirmed the numbers posted but... using those numbers I don't see a need to double plant capacity for a long time..?? What am I missing..?


"With the potential to double if they can double plant capacity at current TTF prices."

"Two of the wells have tested at a combined rate of 32mcf/d.  The plant will have an initial capacity of 15 mmcf/d but can expand as needed."


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