Vermilion Energy Financial and Operational Overview
VERMILION
ENERGY
CEE EXPLORATION POTENTIAL
VERMILION HAS BUILT A HIGHLY PROSPECTIVE EXPLORATION PORTFOLIO ACROSS CEE
Approximately 3.8 million acres of undeveloped land across four countries (Hungary, Croatia, Slovakia and Ukraine)
Focused on under-invested basins prospective for both oil and gas that can benefit from new technology
Modest back-loaded capital commitments provide us with flexibility to properly evaluate the opportunity
CROATIA
2.4 million net acres with five licenses prospective for natural gas and oil
Drilled two successful gas wells in 2019 on the SA-10 block which tested at 15 mmcf/d and 17 mmcf/d, respectively*
Identified 10 additional prospects in close vicinity to the new SA-10 gas discoveries
First production from SA-10 block planned for 2022
HUNGARY
900,000 net acres with four licenses prospective for shallow gas and oil
Drilled four (3.3 net) gas wells in 2019 which have produced over 1.0 bcf to date
Identified nine additional prospects for future drilling
Kadarkut License is prospective for oil with first well planned for 2021
SLOVAKIA
240,000 net acres with two licenses prospective for natural gas
Vermilion Acreage
Poland
Germany
Czech Republic
Austria
Slovenia
TRNAVA
SLOVAKIA
TOPOLCANY
BRATISLAVA
EBES
BUDAPEST
HUNGARY
KADARKUT
ZAGREB
CROATIA
SA-07
DR-04
SA-08/
SA-09 SA-10
S. BATTONYA
BEKESSAMSON
Bosnia
Serbia
Trnava Licence - a series of unproduced gas discoveries made during the 1950's planned to be developed
using Vermilion's newly acquired proprietary 3D seismic data set. Several un-drilled fault-blocks imaged by
3D will also be tested.
Adriatic Sea
О
Topolcany Licence - plan to acquire new 3D seismic across a prospective area immediately adjacent to the
Trnava Licence
Italy
Montenegro
Albania
Macedonia
UKRAINE
Romania
Bulgaria
FOCUSED ON ESTABLISHING LOW COST POSITIONS IN THE UNDER-EXPLOITED PANNONIAN BASIN
* Ceric-01 well (100% working interest) tested at a final flow rate of 15.0 mmcf/d at a stabilized flowing wellhead pressure of 851 psi on a 0.86 inch diameter choke during a one hour flow period following perforating. An additional 18 hour flow test was later conducted at reduced rates to
limit flaring. During this test, the well flowed at a rate of 6.2 mmcf/d at a stabilized flowing pressure of 1,376 psi on a 0.37 inch choke. No formation water was produced during the tests. The well encountered 32 feet of net pay in two Upper Miocene Pannonian sandstones from 3,346-
of
1,186 psi was recorded following the flow test. The flow test continued an additional 12 hours at reduced choke sizes to minimize flaring. No formation water was produced during the test. The well logged 21 feet of net gas pay with an average porosity of 32% from the Upper Miocene VET: TSX NYSE
Pannonian sandstone occurring within a gross measured depth interval of 3,006-3,033 feet. Test results are not necessarily indicative of long-term performance or ultimate recovery.
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