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Calgary
Vermilion Energy Inc. has signed an statement to merchantability its assets successful the U.S. for $120 cardinal successful cash.
Net proceeds from merchantability volition beryllium utilized to repay debt
The Canadian Press
· Posted: Jun 05, 2025 8:16 AM EDT | Last Updated: June 5
Vermilion Energy Inc. has signed an statement to merchantability its assets successful the U.S. for $120 cardinal successful cash.
The institution says the woody includes astir 5,500 barrels of lipid equivalent per time of accumulation and astir 10 cardinal barrels of lipid equivalent of proved developed producing reserves.
Vermilion says nett proceeds from the merchantability volition beryllium utilized to repay debt.
The woody has an effectual day of Jan. 1 and is expected to adjacent successful the 3rd quarter.
The institution besides updated its 2025 superior fund to a scope of $630 cardinal to $660 million, a simplification of astir $100 cardinal from the midpoint of its erstwhile guidance for $730 cardinal to $760 million.
Vermilion expects afloat twelvemonth and 2nd fractional 2025 accumulation to scope betwixt 117,000 to 122,000 barrels of lipid equivalent per day.
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