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.

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Vermilion Energy Inc > actual production higher???

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Comment by Quintessential1on Dec 24, 2024 10:16am

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Post# 36376305

RE:RE:actual production higher???

Correction: VET paid less for Westbrick than the venerable Mike Rose paid for BNP*

https://boereport.com/2024/12/23/vermilion-energy-to-acquire-westbrick-energy-see-acquisition-multiples-asset-maps-and-recent-production-boe-intel/

GLTA

Quintessential1 wrote: So they paid less than PEY and the venerable Mike Rose did for CR.

My understanding is Westbrick comes with some nice infastructure and processing that will come in handy for both VET and CEI.

GLTY and all

downwithdotcom1 wrote: nice recovery by day's end...comments from BOE article...see below..dwdc

"The public data production picture for Westbrick is interesting. While gross licensed production volumes (aggregation of all wells licensed to the company at a theoretical 100% working interest) spent several months hovering around the 41,000 BOE/d mark, the most recent two months of production in the public domain show dramatic increases. In fact, October 2024 production was the best month for production in the company’s history. October 2024 gross licensed volumes exceeded 64,000 BOE/d. For what it’s worth, Vermilion has quoted volumes as “stable production base of 50,000 BOE/d with plans to increase to 60,000 BOE/d within 5 years.”