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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

Fourth Quarter 2018 Operations Review

 

Three months ended

Production

DEC 31, 2018 SEP 30, 2018 DEC 31, 2017
Oil and Condensate (bbls/d) 47,678 47,152 27,830
NGL's (bbls/d) 7,815 6,839 5,279
Gas (mmcf/d) 276.77 253.38 238.27
Total Production 101,621 96,222 72,821

The following table summarizes production by country for the three months ended December 31, 2018:

Country Total (boe/d) Oil and condensate (bbls/d) NGL (bblS/d) Gas (mmcf/d)
Canada 60,814 29,557 6,816 146.65
France 11,454 11,317 - 0.82
Netherlands 8,749 112 - 51.82
Germany 3,736 913 - 16.94
Ireland 8,749 - - 52.03
Australia 4,174 4,174 - -
USA 3,545 1,605 998 5.65
CEE 477 - - 2.86
Total 101,621 47,678 7,815 276.77

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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