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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 MyHoneyPoton Dec 03, 2024 12:42pm
113 Views
Post# 36343166

RE:Coelacanth

RE:Coelacanth
This also confirms the value associated with the Mica play. If you look at a Map this montney play lies adjacent to Mica. 

Vet has a substantial amount of running room at Mica, and is planning to double production there. VET is ahead of Mica in terms of the development and has infastructure already in place. 

The problem with Mica is CF, they have none and are burning through their cash. In april when their infastructure is complete and they start producing the produciton behind the pipe.

What i would feel good about is the confirmation of the play area. 

It seem expensive and high risk to me, considering they are loosing money and have no production to speak of yet.

Quite difficult to scale up without raising a lot of capital.  That is not alway great for the shareholders. 

IMHO
MHP



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