CALGARY, June 14 /CNW/ - Vermilion Energy Trust ("Vermilion") will be
hosting a presentation to analysts and institutional investors on Friday, June
15th. The presentation is designed to provide a greater in-depth understanding
of Vermilion's worldwide operations, and to provide attendees some exposure to
certain members of Vermilion's talented technical team. The presentation
materials will be posted on Vermilion's website at www.vermilionenergy.com in
the investor section. Topics to be presented include:
- Overview of Vermilion's strategic planning and execution process.
- Overview of the opportunities in Vermilion's portfolio and the
capital allocation process.
- Geological discussion of the Drayton Valley target region.
- Vermilion's progress to date in the Horseshoe Canyon CBM play and the
anticipated pace of future development.
- Vermilion's acquisition, drilling and workover history in France and
opportunities that lie ahead.
- Review of the seismic interpretation of the Aquitaine Maritime
offshore prospect and the current timeline for drilling. While
Vermilion has secured a rig to drill the prospect, a relatively short
drilling window will require the rig to begin the mobilization
process from the North Sea no later than July 26th. The rig in
question is currently drilling for a third party operator, and the
availability of the rig is dependent on that operator's timely
completion of its operations.
- Vermilion's 2007 drilling prospects in the Netherlands and potential
prospects available on the Trust's existing land base.
- Review of the workings of the Wandoo Field and platform facilities in
Australia and the potential to drill for attic oil.
- Review of Verenex' Libyan operations. The Verenex presentation will
be available on its website www.verenexenergy.com.
- Review of Vermilion's financial structures and the relative financial
strength as compared to Vermilion's peer group of Canadian energy
- Review of Vermilion's recruiting, training and compensation practices
and challenges in managing multi-national operations.
Vermilion Energy Trust focuses on the acquisition, development and
optimization of mature producing properties in Western Canada, Western Europe
and Australia. Vermilion achieves value creation through the execution of
asset optimization programs and strategic acquisitions. Vermilion also exposes
its unitholders to significant upside opportunities while limiting capital
risk. Management and directors of the Trust hold approximately 9% of the
outstanding units and are dedicated to consistently delivering superior
rewards for all its stakeholders. Vermilion Energy Trust trades on the Toronto
Stock Exchange under the symbol VET.UN
This press release contains forward-looking financial and operational
information including future drilling plans. These statements are based on the
Trust's current expectations and are subject to a number of risks and
uncertainties that could materially affect the results. These risks include,
but are not limited to, future commodity prices, exchange rates, interest
rates, geological risk, reserves risk, production demand and transportation
restrictions, risks associated with changes in tax, royalty and regulatory
regimes and risks associated with international activities. Additional risks
and uncertainties are described in the Trust's Annual Information Form which
is filed on SEDAR at www.sedar.com
Due to the risks, uncertainties and assumptions inherent in
forward-looking statements, prospective investors in the Trust's securities
should not place undue reliance on these forward-looking statements. Forward
looking statements contained in this press release are made as of the date
hereof and are subject to change. The Trust assumes no obligation to revise or
update forward looking statements to reflect new circumstances, except as
required by law. Certain natural gas volumes have been converted on the basis
of six thousand cubic feet of gas to one barrel equivalent of oil. Barrels of
oil equivalent (boe's) may be misleading, particularly if used in isolation. A
boe conversion ratio of six thousand cubic feet to one barrel of oil is based
on an energy equivalency conversion method primarily applicable at the burner
tip and does not represent a value equivalency at the wellhead.
For further information:
For further information: Paul Beique, Director, Investor Relations,
2800, 400 - 4th Avenue S.W., Calgary, Alberta, T2P 0J4, Phone: (403) 269-4884,
Fax: (403) 264-6306, IR Toll Free: 1-866-895-8101, www.vermilionenergy.com