About Vermilion

About Vermilion

Vermilion Energy Trust (referred to herein as "the Trust" or "VET") is a Calgary, Alberta based international oil and gas producer celebrating 16 years of outstanding performance. Daily production is approximately 19,500 barrels of mostly light sweet crude oil and 65 million cubic feet of natural gas from properties in Western Canada, Australia, France and the Netherlands. Vermilion operates over 90% of its properties supported by an outstanding team of dedicated professionals.

Vermilion's long history of value creation dates back to 1994 when it was launched as a junior exploration and production company. The company converted to the energy trust model in 2003 and began distributing a portion of our cash flow to investors.

The initial distribution rate of $0.17 per unit per month was increased to $0.19 per unit per month in December of 2007, and has never been reduced. Interestingly, since 1994 Vermilion has issued approximately $600 million in total equity, and since January 2003 has distributed more than $925 million cash back to unitholders. Vermilion strives to maintain total spending including development capital and distributions within cash flow, ensuring conservative financial management for our investors.

As of September 30, 2009 Vermilion's debt, net of working capital was $440 million. Accounting for proceeds from our recent equity offering and from the sale of Verenex Energy, year-end debt will be less than $150 mm against a credit line of $675 mm.

Vermilion's reserve and production growth comes from a combination of development drilling, reservoir optimization and well-timed strategic acquisitions. The long term goal is to deliver positive, single-digit growth on a debt-adjusted per unit basis. Combined with a steady distribution stream, this business model aims to provide attractive returns for Vermilion's investors.

Vermilion is listed on the Toronto Stock Exchange (VET.un) and trades over-the-counter in the United States (VETMF).

We welcome any question you may have and hope you enjoy this new website.

About the Name

Vermilion Energy Trust continued the name of our predecessor oil and gas company, Vermilion Resources Ltd. 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 the company – vibrant energy trust brightening unitholders portfolios through distinctive assets and strategic depth.

Successful Strategy

• Expand asset base through asset optimization, drilling activities and strategic acquisitions
• Focus growth in three regions; Canada, Europe & Australia
• More than 16 years of successful operating results
• Recognized as a premier operator on and offshore
• Expose unitholders to significant upside opportunities while limiting capital risk
• Maintain strong balance sheet

Quality Assets

• Rich and diverse inventory of near and long term investment prospects within each of our operating jurisdictions
• High cash netback properties
• Reserves life index at December 31, 2008 is 10.5 years (based on total proven and probable reserves)

Proven Leadership

• The members of the management team average more than 25 years of operating experience and are led by Lorenzo Donadeo (President & CEO), one of three co-founders of the predecessor company, Vermilion Resources Ltd.
• From 2005 through 2009, Vermilion has generated a 5-year compound average rate of return of 16.5% (not including reinvestment of distributions) representing top quartile performance.
• Vermilion’s board of directors has been consistently recognized for superior corporate governance, ranking at or near the top of all Canadian income trusts.