09:41:26 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Vermilion Energy Inc
Symbol VET
Shares Issued 162,261,289
Close 2023-05-05 C$ 16.80
Market Cap C$ 2,725,989,655
Recent Sedar Documents

Vermilion shuts in 30,000 boe/d amid Alberta wildfires

2023-05-08 09:45 ET - News Release

An anonymous director reports

VERMILION ENERGY INC. PROVIDES UPDATE ON THE IMPACT OF ALBERTA WILDFIRES

Vermilion Energy Inc. has provided an update on the impact of the wildfires in Alberta.

With the protection and safety of its people and local residents as the utmost priority, Vermilion is closely monitoring the wildfires surrounding its operations in west-central Alberta. Vermilion has accounted for all of its employees and contractors in the affected areas to ensure their safety, and has also taken the safe measure to temporarily shut in approximately 30,000 barrels of oil equivalent per day of production while it assesses the risk to its operations. The company's assessment to date indicates minimal damage to its key infrastructure. Vermilion will continue to closely monitor the situation and work with the appropriate authorities, and it will provide an update in due course.

Vermilion would like to thank its staff and emergency responders for their tireless work in response to the wildfires. Vermilion's thoughts are with its employees, their families and its neighbours in the local communities during this difficult time.

About Vermilion Energy Inc.

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. The company's business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion's operations are focused on the exploitation of light oil and liquid-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.

Vermilion's priorities are health/safety, the environment and profitability, in that order. Nothing is more important to the company than the safety of the public and those who work with it, and the protection of its natural surroundings. Vermilion has been recognized by leading ESG (environmental, social and governance) rating agencies for its transparency on, and management of, key ESG issues. In addition, the company emphasizes strategic community investment in each of its operating areas.

© 2024 Canjex Publishing Ltd. All rights reserved.