• Vermilion has over 20 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

Vermilion in Canada

  • Production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan.
  • Potential for three significant resource plays sharing the same surface infrastructure in the West Pembina region in Alberta:
  • Cardium light oil (1,800 m depth) - in development phase
  • Mannville condensate-rich gas (2,400 - 2,700 m depth) - in development phase
  • Duvernay condensate-rich gas (3,200 - 3,400 m depth) - in appraisal phase with no investment at present
  • Southeast Saskatchewarn light oil development:
  • Primary target is the Mississippian Midale formation (1,400 - 1,700m depth)
  • Secondary targets of Mississippian Frobisher (1,400 – 1,700m depth) and Devonian Bakken/Three Forks (2,000 – 2,100m depth
  • Canadian cash flows are fully tax-sheltered for the foreseeable future.
Canada Alberta Saskatchewan