CALGARY, Aug. 20, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the
"Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce the
release of our first Sustainability Report detailing our efforts to
generate environmental, social, and economic benefits for all
stakeholders. This inaugural report provided a framework for describing
how we approach sustainability in our operations, and to recognize our
achievements, detail our challenges and establish targets for progress.
"Embedding sustainability into business strategy does far more than
mitigate safety, environmental, financial and reputational risks," said
Lorenzo Donadeo, Chief Executive Officer. "It also offers
opportunities to generate economic and social benefits for both the
company and the community - to create shared value."
In 2013, Vermilion:
Produced nearly 15 million boe of oil and gas
Generated net revenue of more than $1.2 billion
Distributed more than $240 million in dividends to our shareholders
Paid almost $290 million in taxes and royalties in our operating
Invested more than $1.1 million in community support
Devoted $37 million to protecting our environment
Vermilion used the Global Reporting Initiative G-4 framework to develop
our 2013 Sustainability Report. The full 2013 Sustainability Report
can be viewed and downloaded online at www.vermilionenergy.com/sustainability. A hard-copy of our 2013 Sustainability Highlights is available and can
be requested online or by emailing your request to email@example.com.
Vermilion is an oil-leveraged producer that seeks to create value
through the acquisition, exploration, development and optimization of
producing properties in Western Canada, Europe and Australia. Our
business model targets annual organic production growth of 5% or more
along with providing reliable and increasing dividends to investors.
Vermilion is targeting growth in production primarily through the
exploitation of light oil and liquids-rich natural gas conventional
resource plays in Western Canada, the exploration and development of
high impact natural gas opportunities in the Netherlands and Germany,
and through drilling and workover programs in France and Australia.
Vermilion also holds an 18.5% working interest in the Corrib gas field
in Ireland. Vermilion pays a monthly dividend of Canadian $0.215 per
share, which provides a current yield of approximately 4%. Management
and directors of Vermilion hold approximately 6% of the outstanding
shares, are committed to consistently delivering superior rewards for
all stakeholders, and have delivered a 20-year history of market
outperformance. Vermilion trades on the Toronto Stock Exchange and the
New York Stock Exchange under the symbol VET.
SOURCE: Vermilion Energy Inc.
For further information:
Lorenzo Donadeo, CEO; Anthony Marino, President & COO; Curtis W. Hicks, C.A., Executive VP & CFO; and/or Dean Morrison, Director Investor Relations
TEL (403) 269-4884 | IR TOLL FREE 1-866-895-8101 | firstname.lastname@example.org | www.vermilionenergy.com