CALGARY, Sept. 17, 2012 /CNW/ - Vermilion Energy Inc. ("Vermilion")
(TSX: VET) is pleased to announce a cash dividend of $0.19 CDN per
share payable on October 15, 2012 to all shareholders of record on
September 28, 2012. The ex-dividend date for this payment is September
26, 2012. This dividend is an eligible dividend for the purposes of
the Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Western Europe
and Australia. Vermilion is targeting annual growth in production
through the exploitation of conventional resource plays in Western
Canada, including Cardium light oil and liquids rich natural gas, the
exploration and development of high impact natural gas opportunities in
the Netherlands 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. In addition, Vermilion currently pays a
monthly dividend of Canadian $0.19 per share and believes it is well
positioned to continue to provide shareholders with steady growth and
stable and growing dividends. Management and directors of Vermilion
hold approximately 8% of the outstanding shares and are dedicated to
consistently delivering superior rewards for all its stakeholders.
Vermilion trades on the Toronto Stock Exchange under the symbol VET and
over-the-counter in the United States under the symbol VEMTF.
SOURCE: Vermilion Energy Inc.
For further information:
Dean Morrison, CFA
Director, Investor Relations
Suite 3500, 520 - 3rd Avenue S.W.
Calgary, Alberta T2P 0R3
Phone: (403) 269-4884
Fax: (403) 476-8100
IR Toll Free: 1-866-895-8101