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Operational Review

Guidance

October 25, 2018, we released our 2019 capital budget and related guidance concurrent with the release of our Q3 2018. On February 28, 2019, while the total 2019 budget and production guidance remained unchanged, we deferred some capital activity to later in the year and reallocated capital between business units. 

Budgeted capital spend by country is estimated to be:

Country

2019 Capital Budget ($ Millions) 

Canada

 302

France

 74

Netherlands

 31

Germany

 24

Ireland

 1

Australia 29
USA 51
Central and Eastern Europe 18
Total E&D Capital Expenditures  530

First Quarter 2019 Operations Review

 

Three months ended

Production

MAR 31, 2019 DEC 31, 2018 MAR 31, 2018
Oil and Condensate (bbls/d) 49,181 47,678 27,008
NGL's (bbls/d) 7,897 7,815 5,126
Gas (mmcf/d) 277.96 276.77 228.20
Total Production 103,404 101,621 70,167

The following table summarizes production by country for the three months ended March 31, 2019:

Country Total (boe/d) Oil and condensate (bbls/d) NGL (bblS/d) Gas (mmcf/d)
Canada 61,360 29,164 6,968 151.37
France 11,470 11,342 - 0.77
Netherlands 8,677 93 - 51.51
Germany 3,763 978 - 16.71
Ireland 8,619 - - 51.71
Australia 5,862 5,862 - -
USA 3,653 1,742 929 5.89
CEE - - - -
Total 103,404 49,181 7,897 277.96

For further detail on our 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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