Vermilion Energy Inc. Files Operational Update 6-K

TL;DR

Vermilion Energy dropped a 6-K with an operational update on Sept 10th.

AI Summary

Vermilion Energy Inc. filed a Form 6-K on September 10, 2024, to report a news release providing an operational update. The filing indicates that Vermilion Energy Inc. is a foreign private issuer and is filing under the 1934 Act.

Why It Matters

This filing provides investors with a timely update on Vermilion Energy's operational performance, which can influence investment decisions.

Risk Assessment

Risk Level: low — This is a routine operational update filing and does not contain significant new financial or strategic information that would inherently increase risk.

Key Players & Entities

• VERMILION ENERGY INC. (company) — Registrant
• Lars Glemser (person) — VP and Chief Financial Officer
• September 10, 2024 (date) — Filing and News Release Date

FAQ

From the Filing

0001279569-24-001093.txt : 20240910 0001279569-24-001093.hdr.sgml : 20240910 20240910101925 ACCESSION NUMBER: 0001279569-24-001093 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240910 FILED AS OF DATE: 20240910 DATE AS OF CHANGE: 20240910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERMILION ENERGY INC. CENTRAL INDEX KEY: 0001293135 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35829 FILM NUMBER: 241288981 BUSINESS ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 BUSINESS PHONE: 403-269-4884 MAIL ADDRESS: STREET 1: 3500, 520 - 3RD AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 0R3 FORMER COMPANY: FORMER CONFORMED NAME: VERMILION ENERGY TRUST DATE OF NAME CHANGE: 20040607 6-K 1 vermilion6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934 For the month of September 2024 Commission File Number: 001-35829 Vermilion Energy Inc. (Exact name of registrant as specified in its charter) 3500, 520 – 3 rd Avenue S.W., Calgary, Alberta T2P 0R3 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ Exhibit Exhibit Description 99.1 News Release dated September 10, 2024 - Vermilion Energy Inc. Provides Operational Update SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 	 	 VERMILION ENERGY INC. By: /s/ Lars Glemser Title: Lars Glemser, VP and Chief Financial Officer Date: September 10, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED SEPTEMBER 10, 2024 Exhibit 99.1 Vermilion Energy Inc. Provides Operational Update CALGARY, AB, Sept. 10, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to provide an operational update on key projects. In Germany, we successfully completed testing operations for our first deep gas exploration well drilled earlier this year. The well was completed in the Rotliegend zone at a depth of approximately 5,000 meters and flow tested at a restricted rate of 17 mmcf/d (1) of natural gas with a wellhead pressure of 4,625 psi. Given the high pressure reading from this well, we believe deliverability would have been higher without testing equipment limitations. These results are very encouraging and validate our initial assessment of the reservoir. Tie-in operations are progressing to bring the well on production in the first half of 2025. We expect this well to produce into a third-party system at a restricted rate. Following the success of our first deep gas exploration well, we began drilling our second deep German exploration well in August 2024, a process that will continue through the fourth quarter. Recently, we signed an agreement with a third-party to farm down half of our working interest in this well to 30% (previously 60%) which will reduce our risked capital requirements and further enhance project returns. Consequently, along with deferring our 2024 drilling program in France to 2025, we have accelerated the drilling of a third deep gas exploration well (100% working interest) in Germany, which we expect to spud in the fourth quarter of 2024. Based on our technical evaluation, we expect this well to be a higher chance of success prospect, which is further supported by development in adjacent fields. We believe there is potential resource-in-place to justify follow-up drilling in the s