Vermilion
Vermilion
Vermilion

Our History

  • December 2002 - Converted to an energy trust
  • October 1999 - Acquired a 39% interest in Aventura Energy Inc. 
  • January 1994 - Launched as Vermilion Resources Ltd.

2002

December
  • 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
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1999

October
  • 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
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1998

December
  • 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
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1997

May
  • 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
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1996

December
  • 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
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1994

January - Vermilion Resources Ltd.
  • Launched as an Alberta-based oil & gas exploration and production company
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