RSS Vermilion To Acquire Westbrick - Quick Facts

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 RSS Vermilion To Acquire Westbrick - Quick Facts

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Vermilion Energy has announced an agreement to acquire Westbrick Energy, a privately-owned oil and gas company operating in the Deep Basin, for a total consideration of CAD 1.075 billion. This acquisition will add 50,000 barrels of oil equivalent per day (boe/d) to Vermilion's stable production capacity, along with approximately 1.1 million acres of land, out of which the company has identified over 700 potential drilling locations.

If the acquisition is finalized by mid-first quarter of 2025, Vermilion projects its corporate production for the year to range between 126,000 and 133,000 boe/d. The expected capital expenditure for 2025 is estimated to be between CAD 725 million and CAD 775 million. Vermilion anticipates a pro forma funds from operations (FFO) for 2025 to reach CAD 1.2 billion, translating to about CAD 7.80 per share.

The material has been provided by InstaForex Company - www.instaforex.com
 
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