Vermilion Energy Inc. Acquires Common Shares of Coelacanth Energy Inc.
Summary
Subject to applicable law, Vermilion will continue to review its holdings of Coelacanths securities, and depending on market conditions, general economic conditions and industry conditions, Coelacanths business and financial condition and prospects and/or other relevant factors, may increase or decrease its investment in the securities of Coelacanth.This news release is being issued in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of the Early Warning Report. The Early Warning Report has been filed under Coelacanths profile on SEDAR+ and can be viewed at www.sedarplus.ca.Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilions operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.Vermilions priorities are health and safety, the environment, and profitability, in that order. We have been recognized by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues.