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Vermilion Updates Reserves

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Vermilion Updates Reserves

Vermilion Energy Inc. has announced summary 2014 year-end reserves and resource information.

The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook.

Highlights Total proved (1P) reserves increased 17% to 151.5 mmboe(1), while total proved plus probable (2P) reserves increased 24% to 246.9 mmboe(1). This represents year-over-year 1P and 2P per share reserves growth of 12% and 18%, respectively. Finding and Development (F&D) and Finding, Development and Acquisition (FD&A) costs, including…
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