Exploration & Production | Quarterly / Earnings Reports
Vermilion Details Cardium, Paris Basin Progress
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Vermilion Energy Inc. has reported interim operating and unaudited financial results for the three months ended March 31, 2013.
Highlights: Recorded average production of 38,707 boe/d during the first quarter of 2013, compared to 36,265 boe/d in the fourth quarter of 2012. Quarter-over-quarter growth was primarily attributable to strong Canadian and European production volumes, partially offset by decreased Australia production due to drilling activities and cyclone downtime. Generated fund flows from operations of $163.6 million ($1.65 per share) in the first quarter of 2013, as compared to $141.7 million ($1.43 per share) in the fourth quarter of 2012 and $151.1 million ($1.56 per share) in the first quarter of 2012. Fund flows from operations for the first quarter of 2013 were 15%…- ✓ Full news archive — U.S., Canada & international coverage
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