CALGARY,
AB, May 15, 2023 /CNW/ - Vermilion Energy Inc.
("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET)
is pleased to report that it has restored approximately 60% of the
30,000 boe/d of production that was temporarily shut-in as a result
of the wildfires in West Central Alberta. We have inspected all of
our key assets and confirm that there was no major damage to our
facilities or well sites, and we will bring the remaining curtailed
production back online as soon as it is safe to do so.
As a result of this production being temporarily offline, we now
expect Q2 2023 production to average 80,000 to 83,000 boe/d. Our
2023 annual production guidance of 82,000 to 86,000 boe/d remains
unchanged.
We would like to again thank our staff and emergency responders
for their tireless work in response to the wildfires. Our thoughts
continue to be 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.