Vermilion Energy Trust – Wandoo Acquisition

abarrelfullabarrelfull wrote on 18 Nov 2014 11:37
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Vermilion Energy Trust (“Vermilion”) and it’s wholly owned subsidiary, Vermilion Oil & Gas Australia Pty Ltd. ("Vermilion Australia"), announced today, as a follow-up to its recent press release with respect to the offshore Wandoo field, that the acquisition of an additional 40% interest in the field has now been completed.

Vermilion Australia now holds a 100% operated interest in the field. The acquisition has an effective date of January 1, 2007 and has received all regulatory approvals.

The cost to close the transaction was US$108 million (CDN$116 million), after normal closing adjustments and was financed using existing credit facilities.

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