Vermilion Energy Closes $415 Million Sale of Saskatchewan Assets

MT Newswires Live

07/11

Vermilion Energy (VET) said Thursday that it completed the $415 million sale of Saskatchewan assets.

The assets include about 10,500 barrels of oil equivalent per day of non-core light oil production in Saskatchewan and Manitoba, according to the company.

Net proceeds from the sale will strengthen Vermilion's balance sheet and provide capital allocation flexibility.

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