Vermilion Energy sees FY13 production at upper-end of 40,500 boe/d-41,000 boe/d

theflyonthewall.com

The company now expect to achieve average 2013 production volumes at the upper end of 40,500 boe/d-41,000 boe/d, including a minor amount of production associated with the company's Netherlands acquisition completed on October 10. The company also announced an increase in anticipated 2013 development capital to $535M, primarily attributable to the impact of a weaker Canadian dollar as compared to foreign exchange rates at the time of our original guidance, a delay in the timing of rig arrival for the company's Australian drill program which shifted expenditures into 2013, and minor additions to the company's capital work scope during 2013 .

Rates

View Comments (0)