INTERNATIONALLY DIVERSIFIED SUSTAINABLE GROWTH AND INCOME ESG LEADERSHIP Q2 2019 Conference Call JULY 29, 2019
Q2 2019 REVIEW Q2/19 vs Q2 2019 production of 103,003 boe/d affected by a Q2 2019 Q1 2019 Q1/19 third party refinery outage in France (1,300 boe/d) France (boe/d) 11,470 (15%) 9,800 Netherlands (boe/d) 8,917 8,677 3% Q2 2019 FFO…
FRANCE Q2 production averaged 9,800 boe/d, a decrease of 15% from the prior quarter Paris Basin production was temporarily curtailed as a result of an PARIS outage at Totals Grandpuits refinery due to a pipeline failure PARIS…
NETHERLANDS Q2 production averaged 8,917 boe/d, an increase of 3% from the prior quarter HARLINGEN Increase driven by successful completion of our H1 2019 workover and facility maintenance program, partially offset by minor…
IRELAND Q2 production averaged 49 mmcf/d (8,201 boe/d), a decrease of 4.8% from the prior quarter Natural decline and minor unplanned downtime at the Corrib natural gas processing facility contributed to the decrease Since we…
GERMANY Q2 production averaged 3,474 boe/d, a decrease of 8% from the prior quarter Unplanned downtime on several operated and non-operated assets was partially offset by contribution from various well workovers on our operated…
CEE In Central and Eastern Europe, we began our most active drilling program to date and entered Ukraine In Hungary, we drilled four (3.3 net) exploration wells with three (2.3 net) wells resulting in natural gas discoveries In…
HUNGARY In Hungary, we drilled four (3.3 net) exploration wells Dombiratos-1 commitment well (1.0 net) was a dry hole Hajdubagos-1 well (1.0 net) encountered 15 feet of net gas pay and tested at a rate of 1.4 mmcf/d and 55 bbls/d…
CROATIA In Croatia, we drilled our first exploration well (1.0 net) Ceric-1 well (1.0 net) encountered 32 feet of net gas pay and tested at a rate of 15.0 mmcf/d from the lower of two zones* * Ceric-01 well (100% working…
UKRAINE Awarded two exploration licenses totaling 585,000 gross acres in Ukraine, in a 50/50 partnership with Ukrgazvydobuvannya (UGV), a Ukrainian state owned gas producer Partnership includes access to technical data, local…
CANADA Q2 production averaged a record 61,507 boe/d Contributions from Q1 drilling program were partially offset by unplanned facility downtime and spring breakup We drilled or participated in 28 (22.9 net) wells and brought on…
UNITED STATES HILIGHT TURNER HZ PRODUCTION PROFILES 1000 Q2 production averaged 4,414 boe/d, an increase 800 of 21% from the prior quarter 600 Driven by production contributions from our H1 BOPD 2019 drilling campaign as…
AUSTRALIA Q2 production averaged 6,689 bbl/d, an increase of 14% from the previous quarter Increase due to a contributions from the two (2.0 net) WANDOO well drilling program we completed at the end of January 2019 AUSTRALIA Q2…
CORPORATE UPDATE NCIB Our Board of Directors has authorized an application to the TSX to implement a normal course issuer bid (NCIB) for a maximum amount of 5% of the issued and outstanding shares of Vermilion We plan to use the…
ANNUAL COMMODITY HEDGE POSITION Full Year 2019 Full Year 2020 WTI Percent of Production Hedged 16% 7% Average Floor / Ceiling / Swap (/bbl) 70.28 / 80.95 / 78.82 69.66 / 79.22 / 77.72 Brent Percent of Production Hedged 15% 1%…
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