CALGARY, Aug. 17, 2015 /CNW/ – Vermilion Energy Inc. (“Vermilion”, the
“Company”, “We” or “Our”) (TSX, NYSE: VET) is pleased to announce the
release of our second Sustainability Report detailing our efforts to
generate environmental, social, and economic benefits for all
stakeholders. This report provides a framework for describing how we
approach sustainability in our operations and to recognize our
achievements, detail our challenges, and establish targets for
progress.
“At Vermilion, we subscribe to the belief that successful, well-managed
companies manage their sustainability impacts above all else,” said
Lorenzo Donadeo, Chief Executive Officer. “We believe that by embedding
sustainability into our business strategy, we are mitigating worker
safety, public safety, environmental, financial and reputational risks,
which if not managed properly could be costly to the Company and its
stakeholders. With this approach, we feel that we will ultimately
generate superior economic and social benefits for all our stakeholders
including those in the communities in which we operate.”
In 2014, Vermilion:
- Produced over 18 million boe of oil and gas
- Generated net revenue of more than $1.3 billion
- Distributed more than $272 million in dividends to our shareholders
-
Paid almost $266 million in taxes and royalties in our operating
jurisdictions - Invested more than $1.3 million in community support
- Devoted $37 million to protecting our environment
We continue to use the GRI-G4 framework to guide our sustainability
reporting. The full 2014 Sustainability Report can be viewed and
downloaded online at www.vermilionenergy.com/sustainability.
Vermilion is an oil-leveraged producer that seeks to create value
through the acquisition, exploration, development and optimization of
producing properties in North America, Europe and Australia. Our
business model targets annual organic production growth of 5% or more
along with providing reliable and increasing dividends to investors.
Vermilion is targeting growth in production primarily through the
exploitation of light oil and liquids-rich natural gas conventional
resource plays in Canada and the United States, the exploration and
development of high impact natural gas opportunities in the Netherlands
and Germany, and through drilling and workover programs in France and
Australia. Vermilion also holds an 18.5% working interest in the
Corrib gas field in Ireland. Vermilion pays a monthly dividend of
Canadian $0.215 per share, which provides a current yield of
approximately 6%. Management and directors of Vermilion hold
approximately 6% of the outstanding shares, are committed to
consistently delivering superior rewards for all stakeholders, and have
delivered a 20-year history of market outperformance. Vermilion trades
on the Toronto Stock Exchange and the New York Stock Exchange under the
symbol VET.
SOURCE Vermilion Energy Inc.