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Operational Review

2017 Guidance

On October 31, 2016 we released our 2017 capital expenditure guidance of $295 million and associated production guidance of between 69,000 – 70,000 boe/d.  On July 26, 2017 we announced an increase in our capital expenditure guidance from $295 million to $315 million following the acceleration of 2018 activities in our Canadian business unit.  Budgeted capital spend by country is estimated to be:

Country

2017 CAPITAL BUDGET ($MILLIONS)

Canada

143

France

70

Netherlands

33

Germany

12

Australia 30
USA 18
Ireland 2
Central and Eastern Europe 7
Total E&D Capital Expenditures 315

Second Quarter 2017 Operations Review

 

Three months ended

Production

Jun 30, 2017 Mar 31, 2017 Jun 30, 2016
Oil and Condensate (bbls/d) 28,525 26,832 28,416
NGL's (bbls/d) 3,821 2,694 2,713
Gas (mmcf/d) 209.36 210.07 198.93
Total Production 67,240 64,537 64,285

The following table summarizes production by country for the three months ended June 30, 2017:

Country Total (boe/d) Oil and condensate (bbls/d) NGL (bblS/d) Gas (mmcf/d)
Canada 28,563 9,205 3,745 93.68
France 11,368 11,368 - -
Netherlands 5,368 104 - 31.58
Germany 4,357 1,047 - 19.86
Australia 6,054 6,054 - -
USA 896 747 76 0.44
Ireland 10,634 - - 63.81
Total 67,240 28,525 3,821 209.36

For further detail on our 2017 capital activity by country please refer to our most current investor presentation.  

Vermilion Energy Inc.
3500, 520 3rd Avenue SW
Calgary, Alberta T2P 0R3
Phone: 1-403-269-4884
Fax: 1-403-476-8100
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