Operational Updates
Vermilion Energy Focused on Cardium Drilling Program; Testing Duvernay Wells
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Vermilion Energy Inc. is pleased to report interim operating and unaudited financial results for the three and six months ended June 30, 2012.
As part of its focused New Growth initiative, the Company has invested a cumulative $84 million since early 2011 to acquire undeveloped lands in Canada with prospective exposure to emerging shale oil and liquids-rich gas resource opportunities. Including a recent purchase of crown land subsequent to the second quarter of 2012, Vermilion has actively acquired a total of 408.5 net sections of undeveloped land in Canada to date. As a result of these acquisitions, the Company now holds several large and contiguous land blocks with prospective exposure to emerging resource plays in Canada including 227 net sections on the Duvernay trend in the Greater…
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