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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 Moemoney42on Oct 30, 2023 10:54pm
174 Views
Post# 35708533

RE:RE:RE:RE:This is a longer play than I thought

RE:RE:RE:RE:This is a longer play than I thought"LNG Canada comes online in 2024 and should raise AECO pricing through more egress."

Yup just read an article stating the last weld was completed Oct. 7/23 Here's an excerpt - I wonder how soon they can start to fill that pipe with product? I would think they'll have to start months in advance just to get the pressures up before they open the valves in Kitimat? Anyone have details about that?


"CALGARY — The Coastal GasLink pipeline, one of the largest energy infrastructure projects in recent Canadian history, is physically complete.

The final weld was completed Oct. 7 at the base of Cable Crane Hill near Kitimat, TC Energy said. 

The company said mechanical completion of the pipeline, which involves final documentation, engineering analysis and testing, will be done before the end of the year."
The LNG Canada facility, which will be the first liquefied natural gas export facility in Canada, is still under construction. But the company said in an update in July that the project is 85 per cent complete and on track to start shipping its first cargoes by mid-decade.

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