Vermilion Energy Inc. Announces Results for the Year Ended December 31, 2016

Vermilion Energy (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX, NYSE: VET) is pleased to report operating and audited financial results for the year ended December 31, 2016.
The audited financial statements and management discussion and analysis for the three months and year ended December 31, 2016, will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion’s website at www.vermilionenergy.com.
As quoted in the press release:

HIGHLIGHTS

• Vermilion’s 2016 annual production volumes increased by 16%, or 10% on a per-share-basis, to 63,526 boe/d, above the upper-end of our guidance range of 62,500-63,500 boe/d. This annual production performance was achieved while reducing exploration and development (“E&D”) capital spending by 50% as compared to 2015. Production volumes for Q4 2016 decreased by 4% as compared to the prior quarter, due to natural declines, timing of capital projects and actively managed production in Canada, Netherlands and Australia.

• Fund flows from operations in 2016 were $510.8 million ($4.41/basic share(1)) as compared to $516.2 million ($4.71/basic share) in 2015. Fund flows were negatively impacted by weaker commodity prices in 2016 but were largely offset by higher production. Q4 2016 fund flows from operations of $149.6 million ($1.27/basic share) increased 6% from $141.0 million ($1.21/basic share) in Q3 2016 as a result of higher commodity prices, partially offset by lower sales volumes.

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