VET’s Q2 FFO and production came in slightly below consensus, primarily owing to weaker oil production in France caused by downtime at a nearby refinery, and timing of its Australian oil sales. Strong test rates were reported from VET’s first operated exploration wells in Germany (8.8 mmcf/d restricted) and Croatia (15.0 mmcf/d), while test results from 4x new wells in Hungary were mixed. VET has also expanded its European presence again, signing contracts for 50% WI stakes in 580
30 Jul 2019
Reducing estimates on lower capex post 2019
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Reducing estimates on lower capex post 2019
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
30 Jul 2019 -
Author:
Michael P. Dunn -
Pages:
12
VET’s Q2 FFO and production came in slightly below consensus, primarily owing to weaker oil production in France caused by downtime at a nearby refinery, and timing of its Australian oil sales. Strong test rates were reported from VET’s first operated exploration wells in Germany (8.8 mmcf/d restricted) and Croatia (15.0 mmcf/d), while test results from 4x new wells in Hungary were mixed. VET has also expanded its European presence again, signing contracts for 50% WI stakes in 580