• Vermilion has over 15 years of successful Canadian operations
  • Canada provides a vast source of oil and gas technology and trained personnel
  • New well completion techniques are revitalizing the Western Canadian Basin
  • Operator in Canada since 1994, with a well established land base

Vermilion operates in three core areas, all in Alberta:

  • Drayton Valley - potential for three significant development projects sharing the same surface infrastructure
  • Cardium light oil development (1,800 m depth)
    • Dominant position in West Pembina area with 131 net sections of land
    • 196 net section equivalent well prospects remaining, with plans to drill 36 (30) wells in 2014
  • Mannville liquids-rich gas inventory (2,400 - 2,700 m depth)
    • 245 net sections, plan to drill 8 (5.7 net) wells in 2014
  • Extensive position in Duvernay liquids-rich gas resource play (3,200 m depth)
    • 317 net sections of largely contiguous land assembled
    • Plan to drill 2 horizontal appraisal wells in 2014.
  • Utikuma - significant light oil field in northern Alberta; Reservoir optimization and enhancement – one of Vermilion’s five largest oil pools
  • Central Alberta - coalbed methane and shallow gas development ;  Large inventory of shallow gas CBM wells; Program can be turned on and off quickly depending on commodity prices
  • Operate four natural gas plants and hold an ownership interest in five additional plants with combined processing capacity of 80 mmcf/d
  • Operate five oil batteries with combined processing capacity to handle over 20,500 bbl/d of oil
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