Market Overview

Vermilion Energy Raises Dividend 7.5% to C$0.215/Share

Vermilion Energy (NYSE: VET) is pleased to announce that our Board
of Directors has approved a 7.5% increase in the monthly cash dividend
to $0.215 CDN per share from the current level of $0.20 CDN per share. 
The increase is expected to become effective for the January 2014
dividend payable on February 17, 2014(1). This marks the third increase to our monthly dividend (previously our
distribution during our income trust era), and our second annual
increase.

With the continued strength of our operations and our expansive
opportunity base (including our recently completed and proposed
acquisitions in the Netherlands and Germany, respectively), we are
confident we can achieve our future growth objectives and continue to
provide reliable and increasing dividends to investors.  We believe our
balance sheet remains well positioned to execute our capital-efficient
growth-and-income model and fund Corrib development through to first
gas production, while remaining within an acceptable net debt-to-fund
flows from operations(2) ratio.  Corrib is expected to provide a significant increase to our
free cash flow(2) upon first gas production.

Production and Capital Guidance

As discussed in our third quarter 2013 financial and operating results
released earlier today,

See full press release

Posted-In: News Guidance Dividends Contracts Management Global

 

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