Our History

2002

• Decided to convert to an energy trust – higher valuation as a trust would enable Vermilion to better compete for capital and would provide a better vehicle for Vermilion's assets and strategy of property optimization, drilling and acquisition
• Prior to conversion, production peaked at 26,000 boe/d in Q4 2002, not including minor production from Aventura

1999

• Acquired a 39% interest in Aventura Energy Inc. in exchange for a royalty valued at $4.4 million on certain of Vermilion's Canadian properties
• Increased ownership through property transactions and participation in share issues to 72% over the next five years
• Discovered the two largest onshore gas discoveries in Trinidad in the past 40 years

1998

• Acquired Utikuma properties representing production of 1,750 boe/d for $32.2 million
• Acquired the non-working interest balance of these properties then representing 1,200 boe/d in April 2000 for $33.4 million

1997

• Acquired 3,600 boe/d of production in France from Exxon in January 1997 for $45 million
• Increased France production to 6,000 boe/d and maintained stable for 10 years

1996

• Increased production to 1,800 boe/d by the end of 1996 through modest drilling and acquisition programs
• Sought international opportunities because of overvalued market for properties in the Western Canadian Sedimentary Basin (WCSB)
• Listed on the Toronto Stock Exchange (TSX) on June 27, 1996
• IPO on April 15, 1996 at $0.10 per share on the Alberta Stock Exchange

1994

• Launched as an Alberta-based oil & gas exploration and production company