Press release from Business Wire
Vermilion Energy Inc. Announces $0.19 CDN Cash Dividend for July 15, 2011 Payment Date
Wednesday, June 15, 2011
Vermilion Energy Inc. Announces $0.19 CDN Cash Dividend for July 15, 2011 Payment Date10:55 EDT Wednesday, June 15, 2011
CALGARY, Alberta (Business Wire) -- Vermilion Energy Inc. (“Vermilion”) (TSX: VET) is pleased to announce a
cash dividend of $0.19 CDN per share payable on July 15, 2011 to all
shareholders of record on June 30, 2011. The ex-dividend date for this
payment is June 28, 2011. This dividend is an eligible dividend for the
purposes of the Income Tax Act (Canada).
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Western Europe
and Australia. Vermilion is targeting annual growth in production
through the exploitation of conventional resource plays in Western
Canada, including Cardium light oil and liquids rich natural gas, the
exploration and development of high impact natural gas opportunities in
the Netherlands and through drilling and workover programs in France and
Australia. Vermilion also holds an 18.5% working interest in the Corrib
gas field in Ireland. In addition, Vermilion currently pays a monthly
dividend of Canadian $0.19 per month per share. Management and directors
of Vermilion hold approximately 9% of the outstanding shares and are
dedicated to consistently delivering superior rewards for all its
stakeholders. Vermilion trades on the Toronto Stock Exchange under the
symbol VET and over-the-counter in the United States under the symbol
VEMTF.
Vermilion Energy Inc.Paul Beique, 403-269-4884Vice
President Capital MarketsorDean Morrison, CFA, 403-269-4884Director,
Investor RelationsorIR Toll Free: 1-866-895-8101www.vermilionenergy.com
