CALGARY, Aug. 17, 2015 /PRNewswire/ - 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.