Vermilion Energy Inc(VET)- NYSE
  • Mar. 18, 2014, 2:06 PM
    • Vermillion Energy (VET +3.2%) agrees to acquire light oil producing assets in Saskatchewan from a private producer for $345M in cash and stock plus the assumption of $55M in debt.
    • The assets include 57K net acres of land (~80% undeveloped), seven oil batteries and preferential access to 50% or greater capacity at a solution gas facility that is under construction; 2014 production from the assets is projected at ~3,750 boe/day, with more than 90% of the production base to be operated by VET.
    • Due to the acquisition, VET raises its 2014 production guidance to 47.5K-48.5K boe/day, assuming eight months of contribution from the new assets.
    | Mar. 18, 2014, 2:06 PM | 1 Comment
  • Nov. 6, 2013, 10:44 AM
    • Vermilion Energy (VET +0.5%) is set to enter Germany’s gas market through a $170M acquisition of GDF Suez’s (GDFZY, GDSZF) 25% interest in four producing natural gas assets.
    • Exxon Mobil (XOM) is operator of the assets held by a four-partner consortium.
    | Nov. 6, 2013, 10:44 AM
Company Description
Vermilion Energy, Inc. is engaged in the business of acquisition, exploration, development and production of oil and natural gas. It has operations in Australia, Canada, France, Ireland, Germany, United States of America and the Netherlands. The company was created when Vermilion Energy Trust... More
Industry: Oil & Gas Drilling & Exploration
Country: Canada