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Vermilion Energy Inc (VET.TO)

VET.TO on Toronto Stock Exchange

47.03CAD
18 May 2018
Change (% chg)

$0.69 (+1.49%)
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Latest Key Developments (Source: Significant Developments)

Spartan Energy Announces Strategic Business Combination With Vermilion Energy
Monday, 16 Apr 2018 

April 16 (Reuters) - Spartan Energy Corp ::SPARTAN ENERGY CORP. ANNOUNCES STRATEGIC BUSINESS COMBINATION WITH VERMILION ENERGY INC..SPARTAN ENERGY - ARRANGEMENT IMPLIES A VALUE OF ABOUT $1.4 BILLION FOR SPARTAN AFTER ASSUMPTION OF SPARTAN'S NET DEBT AND PAYMENT OF TRANSACTION COSTS.SPARTAN ENERGY - UNDER TERMS OF ARRANGEMENT AGREEMENT, EACH SPARTAN SHARE SHALL BE EXCHANGED FOR 0.1476 COMMON SHARES OF VERMILION.SPARTAN ENERGY - SPARTAN SHAREHOLDERS WILL RECEIVE AN ANNUALIZED DIVIDEND OF $0.41 PER SHARE BASED ON SHARE EXCHANGE RATIO ($2.76 PER VERMILION SHARE).SPARTAN ENERGY CORP - PRO FORMA ARRANGEMENT, VERMILION IS EXPECTED TO HAVE AN ALL-IN PAYOUT RATIO OF <90% AND A DECLINE RATE OF <19% IN 2018.SPARTAN ENERGY CORP - SHARE EXCHANGE RATIO IMPLIES A VALUE OF $6.50 PER SPARTAN SHARE BASED ON CLOSING PRICE OF VERMILION SHARES OF $44.04 ON APRIL 13.SPARTAN ENERGY - PURSUANT TO ARRANGEMENT AGREEMENT, A NON-COMPLETION FEE OF $40 MILLION WILL BE PAYABLE BY SPARTAN IN SOME CIRCUMSTANCES.SPARTAN ENERGY - ARRANGEMENT AGREEMENT ALSO PROVIDES THAT A NON-COMPLETION FEE OF $40 MILLION WILL BE PAYABLE BY VERMILION IN SOME CIRCUMSTANCES.  Full Article

Vermilion Energy Inc announces results for the three and nine months ended Sept. 30
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Vermilion Energy Inc :Vermilion Energy Inc announces results for the three and nine months ended September 30, 2017.Vermilion Energy Inc - ‍average production of 67,403 BOE/d during Q3 2017 was up slightly compared to prior quarter​.Vermilion Energy Inc - ‍fund flows from operations for Q3 2017 was $1.08/basic share​.Vermilion Energy Inc - reducing 2017 average production guidance to 68,000 to 69,000 BOE/d, compared to previous guidance of 69,000 to 70,000 BOE/d​.Vermilion Energy Inc - ‍board formally approved E&D capital budget of $315 million for 2018, with associated production guidance of 74,500 to 76,500 BOE/d​.Vermilion Energy-reaffirmed long-term targets of delivering 5% to 7% production per share growth at payout ratio of less than 100% under prevailing commodity strip​.  Full Article

Vermilion Energy qtrly FFO $1.10 per basic share
Monday, 8 Aug 2016 

Vermilion Energy Inc : Vermilion Energy Inc announces results for the three and six months ended June 30, 2016 . Full year production guidance of 62,500 to 63,500 BOE/D remains unchanged . Qtrly FFO $1.10/basic share . Expect to produce at upper end of FY production guidance range . Expect to deliver production of 69,000 to 70,000 BOE/D in 2017 and 75,000 to 76,000 BOE/D in 2018 .Average production of 64,285 BOE/D during Q2 2016, a decrease of 2% as compared to 65,389 BOE/D in prior quarter.  Full Article

Vermilion Energy announces acquisition of producing properties in Germany
Wednesday, 29 Jun 2016 

Vermilion Energy Inc : Announces acquisition of producing properties in Germany . Deal for total consideration of EUR 33 million . Will fund acquisition through existing credit facilities . Deal expected to be accretive for all pertinent per share metrics including production, fund flows from operations, reserves,net asset value . Entered into agreement whereby co to buy interests in several production assets in Germany from Engie E&P Deutschland GmbH .To assume operatorship of 6 of 8 producing fields, with other fields operated by ExxonMobil Production Deutschland, Deutsche Erdoel AG.  Full Article

BRIEF-Vermilion Energy Quarterly FFO Per Share C$1.29

* VERMILION ENERGY INC ANNOUNCES RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018