Vermilion Energy Inc. ("Vermilion") is a Calgary, Alberta based international oil and gas producer celebrating 20 years of outstanding performance.
Vermilion adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Our business model targets annual organic production growth of approximately 5% along with providing reliable and increasing dividends to investors.
Vermilion is targeting production of approximately 55,000 - 57,000 boe/d in 2015 (11% - 15% growth over 2014) through the exploitation of both conventional and unconventional resource plays in North America, including Cardium and Midale light oil and Mannville liquids rich natural gas, the exploration and development of high impact natural gas opportunities in the Netherlands and Germany, and through drilling and workover programs in France and Australia.
In addition, Vermilion's non-operated interest in the Corrib gas field is expected to contribute to that growth. At its peak, the Corrib project is expected to contribute approximately 9,700 boe/d (net) of high netback natural gas production following a four-to-six month ramp-up period expected to begin in the early-to-mid fourth quarter of 2015. Vermilion operates over 90% of its producing properties supported by an outstanding team of dedicated professionals.
Vermilion's ongoing reserve and production growth is anticipated to come from a combination of development drilling, reservoir optimization and well-timed strategic acquisitions. The long term goal is to deliver balanced growth and income to investors.
Vermilion increased its monthly dividend 7.5% in January 2014 to Canadian $0.215 per share and remains focused on providing shareholders with steady growth and a reliable and growing dividend. Combined these attributes are expected to provide shareholders with an attractive high yield investment over the long term.
Management and directors of Vermilion hold approximately 6% of the outstanding shares and are dedicated to consistently delivering superior rewards for all stakeholders, featuring an 20-year history of market outperformance.
The name originated from Alberta’s Vermilion Lakes, a reflection of their reddish ochre waters. The strong colour of Vermilion, which is made up of red, orange and yellow, reflects a vibrant energy company brightening shareholders portfolios through distinctive assets and strategic depth.