{"id":868703,"date":"2025-07-10T17:11:49","date_gmt":"2025-07-10T21:11:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale\/"},"modified":"2025-07-10T17:11:49","modified_gmt":"2025-07-10T21:11:49","slug":"vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale\/","title":{"rendered":"Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">CALGARY, AB<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 10, 2025<\/span><\/span> \/PRNewswire\/ &#8211;\u00a0Vermilion Energy Inc. (&#8220;Vermilion&#8221;) (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of <span class=\"xn-location\">Saskatchewan<\/span> assets for gross proceeds of <span class=\"xn-money\">$415 million<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2729024\/Vermilion_Energy_Inc__Vermilion_Energy_Inc__Announces_Closing_of.pdf?p=original\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2729024\/Vermilion_Energy_Inc__Vermilion_Energy_Inc__Announces_Closing_of.pdf?p=pdfthumbnail\" title=\"Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale (CNW Group\/Vermilion Energy Inc.)\" alt=\"Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale (CNW Group\/Vermilion Energy Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The assets are comprised of approximately 10,500 boe\/d (86% oil and liquids) of non-core light oil production in <span class=\"xn-location\">Saskatchewan<\/span> and <span class=\"xn-location\">Manitoba<\/span>. This transaction marks another significant step in Vermilion&#8217;s strategic plan to high-grade the asset portfolio that began three years ago, shifting our focus toward long-duration, scalable assets with deep inventory of high return on capital opportunities. Net cash proceeds from the sale will strengthen Vermilion&#8217;s balance sheet and provide further capital allocation flexibility for core Canadian and European assets.<\/p>\n<p>\n        <b>About Vermilion<\/b>\n      <\/p>\n<p>Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in <span class=\"xn-location\">Canada<\/span> and conventional natural gas in <span class=\"xn-location\">Europe<\/span> while optimizing low-decline oil assets. This diversified portfolio delivers outsized free cash flow through direct exposure to global commodity prices and enhanced capital allocation optionality.<\/p>\n<p>Vermilion&#8217;s priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.<\/p>\n<p>Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.<\/p>\n<p class=\"prntaj\">\n        <span>For further information please contact:<br \/><\/span><br \/>\n        <span><br \/>\n          <span class=\"xn-person\">Dion Hatcher<\/span>, President &amp; CEO; <span class=\"xn-person\">Lars Glemser<\/span>, Vice President &amp; CFO; and\/or <span class=\"xn-person\">Kyle Preston<\/span>, Vice President, Investor Relations<br \/><\/span><br \/>\n        <span>TEL (403) 269-4884 | IR TOLL FREE 1-866-895-8101 | <a href=\"mailto:investor_relations@vermilionenergy.com\" target=\"_blank\" rel=\"nofollow\"><u><span>investor_relations@vermilionenergy.com<\/span><\/u><\/a> | <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4466278-1&amp;h=71349541&amp;u=https%3A%2F%2Fwww.vermilionenergy.com%2F&amp;a=www.vermilionenergy.com\" target=\"_blank\" rel=\"nofollow\"><u><span>www.vermilionenergy.com<\/span><\/u><\/a><\/span>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CA28200&amp;sd=2025-07-10\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale-302502697.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale-302502697.html<\/a><\/p>\n<p>SOURCE  Vermilion Energy Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CA28200&amp;Transmission_Id=202507101700PR_NEWS_USPR_____CA28200&amp;DateId=20250710\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CALGARY, AB , July 10, 2025 \/PRNewswire\/ &#8211;\u00a0Vermilion Energy Inc. (&#8220;Vermilion&#8221;) (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of Saskatchewan assets for gross proceeds of $415 million. The assets are comprised of approximately 10,500 boe\/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. This transaction marks another significant step in Vermilion&#8217;s strategic plan to high-grade the asset portfolio that began three years ago, shifting our focus toward long-duration, scalable assets with deep inventory of high return on capital opportunities. Net cash proceeds from the sale will strengthen Vermilion&#8217;s balance sheet and provide further capital allocation flexibility for core Canadian and European assets. About Vermilion Vermilion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-868703","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vermilion-energy-inc-announces-closing-of-the-saskatchewan-asset-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CALGARY, AB , July 10, 2025 \/PRNewswire\/ &#8211;\u00a0Vermilion Energy Inc. (&#8220;Vermilion&#8221;) (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of Saskatchewan assets for gross proceeds of $415 million. The assets are comprised of approximately 10,500 boe\/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. This transaction marks another significant step in Vermilion&#8217;s strategic plan to high-grade the asset portfolio that began three years ago, shifting our focus toward long-duration, scalable assets with deep inventory of high return on capital opportunities. Net cash proceeds from the sale will strengthen Vermilion&#8217;s balance sheet and provide further capital allocation flexibility for core Canadian and European assets. About Vermilion Vermilion &hellip; Continue reading &quot;Vermilion Energy Inc. 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