Vermilion Energy Closes Westbrick Acquisition, Confirms Q4 Earnings

Ticker: VET · Form: 6-K · Filed: 2025-02-26T00:00:00.000Z

Sentiment: mixed

Topics: acquisition, earnings, energy

TL;DR

Vermilion Energy just bought Westbrick Energy and will drop Q4 earnings soon. Big moves in oil & gas!

AI Summary

Vermilion Energy Inc. announced on February 26, 2025, the successful closing of its acquisition of Westbrick Energy Ltd. The company also confirmed its Q4 2024 earnings release date and conference call details. This acquisition is expected to enhance Vermilion's asset base and operational capabilities.

Why It Matters

The acquisition of Westbrick Energy Ltd. by Vermilion Energy Inc. signifies a strategic expansion for Vermilion, potentially impacting its production levels and market position in the crude petroleum and natural gas sector.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent integration risks and potential for overpayment, while the energy sector is subject to commodity price volatility.

Key Players & Entities

FAQ

What is the primary purpose of this Form 6-K filing?

This Form 6-K filing serves as a Report of Foreign Private Issuer, announcing the closing of Vermilion Energy Inc.'s acquisition of Westbrick Energy Ltd. and confirming details for its Q4 2024 earnings release and conference call.

When did Vermilion Energy Inc. announce the closing of the Westbrick Energy Ltd. acquisition?

The acquisition was announced as closed on February 26, 2025, as detailed in the news release filed as Exhibit 99.1.

What is Vermilion Energy Inc.'s SIC code?

Vermilion Energy Inc.'s Standard Industrial Classification (SIC) code is 1311, which corresponds to Crude Petroleum & Natural Gas.

Does Vermilion Energy Inc. file annual reports under Form 20-F or Form 40-F?

Vermilion Energy Inc. files its annual reports under Form 40-F, as indicated by the checkmark in the filing.

What is the business address of Vermilion Energy Inc.?

The business address of Vermilion Energy Inc. is 3500, 520 - 3rd Avenue S.W., Calgary, Alberta T2P 0R3.

From the Filing

0001279569-25-000197.txt : 20250226 0001279569-25-000197.hdr.sgml : 20250226 20250226121350 ACCESSION NUMBER: 0001279569-25-000197 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250226 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 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: 25668346 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 February 2025 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 February 26, 2025 - Vermilion Energy Inc. Announces Closing of the Acquisition of Westbrick Energy Ltd. and Confirms Q4 2024 Release Date and Conference Call Details 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: February 26, 2025 EX-99.1 2 ex991.htm NEWS RELEASE DATED FEBRUARY 26, 2025 Exhibit 99.1 Vermilion Energy Inc. Announces Closing of the Acquisition of Westbrick Energy Ltd. and Confirms Q4 2024 Release Date and Conference Call Details CALGARY, AB, Feb. 26, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Westbrick Energy Ltd. ("Westbrick") pursuant to the terms of the previously announced arrangement agreement (the "Arrangement Agreement" or the "Acquisition") dated December 22, 2024. The Acquisition adds stable annual production of 50,000 boe/d (1) (75% gas and 25% liquids) and approximately 1.1 million (770,000 net) acres of land in the southeast portion of the Deep Basin trend in Alberta, and includes four operated gas plants with total capacity of 102 mmcf/d. This footprint is contiguous and complementary to Vermilion's legacy Deep Basin assets, providing significant operational and corporate synergies. Vermilion has identified over 700 future drilling locations on the acquired acreage, across multiple zones including the Ellerslie, Notikewin, Rock Creek, Falher, Cardium, Wilrich and Niton formations, with half-cycle IRRs ranging from 40% to over 100% based on estimates provided by McDaniel & Associates Consultants Ltd ("McDaniel") (2) . With this depth and quality of inventory, Vermilion expects the acquired assets to have the ability to maintain flat production for over 15 years while generating significant free cash flow (3) to enhance the Company's long-term return of capital framework. Included in the Arrangement Agreement was an option for Westbrick shareholders to elect to receive up to a maximum of 1.7 million Vermilion common shares not to exceed $25 million in value as a portion of the tot

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