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CALGARY — Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million.
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The company says it will use the net proceeds from the sale to repay debt.
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Vermilion says the assets being sold produce about 10,500 barrels of oil equivalent per day.
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The deal has an effective date of May 1, 2025.
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It is anticipated to close in the third quarter, subject to regulatory approvals and other closing conditions.
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Assuming the deal closes mid-third quarter, Vermilion says it expects full year production for 2025 to average between 120,000 and 125,000 boepd with capital expenditures in the range of $680 million to $710 million.
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