CALGARY,
AB, May 8, 2023 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX: VET) (NYSE: VET) is providing the following
update on the impact of the wildfires in Alberta.
With the protection and safety of our people and local residents
as the utmost priority, Vermilion is closely monitoring the
wildfires surrounding our operations in West Central Alberta. We
have accounted for all of our employees and contractors in the
affected areas to ensure their safety, and have also taken the safe
measure to temporarily shut-in approximately 30,000 boe/d of
production while we assess the risk to our operations. Our
assessment to date indicates minimal damage to our key
infrastructure. Vermilion will continue to closely monitor the
situation and work with the appropriate authorities, and we will
provide an update in due course.
We would like to thank our staff and emergency responders for
their tireless work in response to the wildfires. Our thoughts are
with our employees, their families, and our neighbors in the local
communities during this difficult time.
About Vermilion
Vermilion is an international energy producer that seeks to
create value through the acquisition, exploration, development and
optimization of producing assets in North
America, Europe and
Australia. Our business model
emphasizes free cash flow generation and returning capital to
investors when economically warranted, augmented by value-adding
acquisitions. Vermilion's operations are focused on the
exploitation of light oil and liquids-rich natural gas conventional
and unconventional resource plays in North America and the exploration and
development of conventional natural gas and oil opportunities in
Europe and Australia.
Vermilion's priorities are health and safety, the environment,
and profitability, in that order. Nothing is more important to
us than the safety of the public and those who work with us, and
the protection of our natural surroundings. We have been
recognized by leading ESG rating agencies for our transparency on
and management of key environmental, social and governance issues.
In addition, we emphasize strategic community investment in each of
our operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York
Stock Exchange under the symbol VET.
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SOURCE Vermilion Energy Inc.