Our cover photo highlights Nature Conservancy Canada’s Coyote Lake Nature Sanctuary, located east of our Deep Basin headquarters in Drayton Valley, Alberta. Vermilion has operated in the Deep Basin—now our largest producing asset—for nearly three decades, investing in responsible growth and supporting our surrounding communities. Over the past decade, Coyote Lake has become a favourite location for our volunteer Days of Caring, where our teams have contributed to maintaining the sanctuary’s trails and amenities. Approximately 90% of Vermilion’s production comes from our global gas portfolio, comprised of Canadian liquids-rich natural gas fairway in the Deep Basin and Montney, and premium-priced natural gas in Europe.