Vermilion
Vermilion
Vermilion

About Vermilion

  • Vision - To be recognized as the best high dividend oil & gas producer using a value driven growth strategy.  
  • Mission - To consistently deliver superior rewards to investors, employees, partners & the communities in which we operate.
  • Core Values - Excellence, Trust, Respect and Responsibility

About Vermilion

Vermilion Energy Inc. ("Vermilion") is a Calgary, Alberta based international oil and gas producer celebrating 20 years of outstanding performance.

Vermilion is an oil-leveraged producer that 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 growth in production primarily through the exploitation of conventional resource plays in Western Canada, including Cardium light oil and 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.  Vermilion also holds an 18.5% working interest in the Corrib gas field in Ireland.  In addition, we recently completed an $11.1 million transaction which marks our first acquisition in the United States, representing a low-cost entry position in the prolific Powder River Basin of northeastern Wyoming.  The transaction provides a promising tight oil development project, and we have put in place the human resources necessary to support future organic growth and acquisitions in the region.

Vermilion is targeting production of approximately 51,000 - 53,000 boe/d in 2015 (25% - 30% growth over 2013) through the exploitation of both conventional and unconventional resource plays in Western Canada, including Cardium light oil and Duvernay liquids rich natural gas, the exploration and development of high impact natural gas opportunities in the Netherlands 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 approximately 9,700 boe/d (net) of high netback natural gas to Vermilion's production growth with first gas mid-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 8% of the outstanding shares and are dedicated to consistently delivering superior rewards for all stakeholders, featuring an 20-year history of market outperformance.

Vermilion is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

We welcome any questions you may have.

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About the Name

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.

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Key Attributes of Vermilion

  • Leading positions in high netback businesses in North America, Europe and Australia
  • Sustainable dividend growth model supported by high margins, low decline rates and strong capital efficiencies
  • Defensive issue with multiple risk-reducing attributes
  • Global commodity exposure, project diversification and low financial leverage reduce risk
  • Forecasted cash flow fully funds production growth from well-defined conventional projects
  • Additional growth potential in unconventional resource plays
  • Substantial management ownership and consistent record of market out-performance
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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, 2013 is 13.3 years (based on total proven and probable reserves)
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Proven Leadership

  • The members of the management team average more than 25 years of operating experience and are led by Lorenzo Donadeo (CEO), one of three co-founders of the predecessor company, Vermilion Resources Ltd.
  • From 2008 through 2013, Vermilion has generated a 5-year compound average rate of return of 24.0% (not including reinvestment of distributions) as compared to a peer group average of 11.3%.
  • Vermilion’s board of directors has been consistently recognized for superior corporate governance.
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President's Message
Message to Shareholders
View a personal message from
Lorenzo Donadeo
Chief Executive Officer