CALGARY, Aug. 20, 2014 /CNW/ - Vermilion Energy Inc.
("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is
pleased to announce the release of our first Sustainability Report
detailing our efforts to generate environmental, social, and
economic benefits for all stakeholders. This inaugural report
provided a framework for describing how we approach sustainability
in our operations, and to recognize our achievements, detail our
challenges and establish targets for progress.
"Embedding sustainability into business strategy
does far more than mitigate safety, environmental, financial and
reputational risks," said Lorenzo
Donadeo, Chief Executive Officer. "It also offers
opportunities to generate economic and social benefits for both the
company and the community - to create shared value."
In 2013, Vermilion:
- Produced nearly 15 million boe of oil and gas
- Generated net revenue of more than $1.2
billion
- Distributed more than $240
million in dividends to our shareholders
- Paid almost $290 million in taxes
and royalties in our operating jurisdictions
- Invested more than $1.1 million
in community support
- Devoted $37 million to protecting
our environment
Vermilion used the Global Reporting Initiative
G-4 framework to develop our 2013 Sustainability Report. The
full 2013 Sustainability Report can be viewed and downloaded online
at www.vermilionenergy.com/sustainability. A hard-copy of our 2013
Sustainability Highlights is available and can be requested online
or by emailing your request to
sustainability@vermilionenergy.com.
Vermilion is an oil-leveraged producer that
seeks to create value through the acquisition, exploration,
development and optimization of producing properties in
Western Canada, 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 Western Canada, 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 4%.
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.