Vermilion Energy Trust - Orca 1 - Final Results

    CALGARY, Oct. 1 /CNW/ - Vermilion Energy Trust ("Vermilion") and its
joint venture participants, Verenex Energy Inc. ("Verenex") and Bordeaux
Energy Inc. ("Bordeaux") announce the Orca 1 well has been abandoned. Although
the well encountered a thick sandstone formation as indicated by seismic, no
hydrocarbons were discovered. Evaluation of the data gathered from this well,
together with further seismic evaluation should provide a better understanding
of any potential of the remaining structures on the Aquitaine Maritime Permit
offshore France. Vermilion's net effective capital exposure is estimated to be
approximately $9.0 million, representing less than 3% of projected 2007 cash
flow, based on an expected gross well cost of $55 million.

    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
    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.

    %SEDAR: 00018945E

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,

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