Vermilion Energy Financial and Operational Overview

VERMILION ENERGY AUSTRALIA ►100% operated interest in Wandoo, an offshore oil field approximately 80 km N.W. of Australia (55m water depth) ► Horizontal well development with 20 producing wellbores and five dual lateral sidetracks tied into two platforms Ten additional drilling opportunities identified* with new wells targeting undrained oil trapped in the reservoir Contracted oil sales receive a premium to Dated Brent index ► 2020 YTD Production: 4,629 boe/d; 1P/2P Reserves: 8.6/ 13.2 mmboe* ** STABLE ASSET DELIVERING PREMIUM TO BRENT PRICING AND STRONG FREE CASH FLOW Inventory reflects net 2P locations and net unrisked contingent resource (best estimate) locations in the development pending category and net unrisked prospective resource (best estimate) locations as evaluated by GLJ. See Appendix A of Vermilion's Annual Information Form dated March 6, 2020 for further details on the chance of development, chance of discovery and other country specific contingencies. (See Advisory). ** As evaluated by GLJ in a report dated February 10, 2020, with an effective date of December 31, 2019. (See Advisory). VET: TSX WILL! NYSE 27

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