#Canada #Calgary #Vermilion Energy #oil production #Saskatchewan Assets

Vermilion Energy Completes Asset Sale in Saskatchewan

On July 10, 2025, Vermilion Energy Inc. announced the successful closing of its pending sale of Saskatchewan assets, which generated gross proceeds of $415 million. This decision is part of the company's ongoing strategy to enhance its asset portfolio.

The sold assets consist of an estimated 10,500 barrels of oil equivalent per day (boe/d), with 86% of that comprising oil and liquids from non-core light oil production in both Saskatchewan and Manitoba. The move marks a pivotal point in Vermilion's strategy aimed at refining its operations to focus on long-duration, scalable assets rich in high-return capital opportunities.

The financial benefits from this sale will significantly bolster Vermilion's balance sheet, enabling improved capital allocation flexibility for its key Canadian and European operations. This strategic divestment aligns with Vermilion's commitment to optimizing its asset base while maintaining a solid financial standing.

About Vermilion Energy

Vermilion Energy is a global leader in gas production, focusing on creating value through the acquisition, exploration, and development of liquids-rich natural gas in Canada as well as conventional natural gas in Europe. The company aims to optimize low-decline oil assets, thus ensuring sustainable cash flow despite fluctuating global commodity prices.

Safety, environmental stewardship, and profitability comprise the core values that guide Vermilion's operations. The company prioritizes public safety and the protection of the environment. Furthermore, it emphasizes community investment in all regions where it operates, enhancing its social responsibility profile.

Vermilion Energy is publicly traded on both the Toronto and New York Stock Exchanges under the ticker symbol VET. The company continues to seek opportunities that align with its operational strategy, contributing to a strong performance in the energy sector.

For further details, inquiries can be directed to Vermilion's leadership, including Dion Hatcher (President & CEO), Lars Glemser (Vice President & CFO), and Kyle Preston (Vice President, Investor Relations). Interested parties can reach out via the contact number (403) 269-4884 or toll-free at 1-866-895-8101. Additionally, investors can find more information on the company’s website at www.vermilionenergy.com.