Vermilion Energy Inc (TSX:VET)
C$ 16.31 -0.11 (-0.67%) Market Cap: 2.61 Bil Enterprise Value: 3.32 Bil PE Ratio: 0 PB Ratio: 0.87 GF Score: 75/100

Vermilion Energy Inc Annual Shareholders Meeting Transcript

Apr 25, 2019 / 09:00PM GMT
Release Date Price: C$35.76 (-0.42%)
Anthony William Marino
Vermilion Energy Inc. - President, CEO & Non-Independent Director

So good afternoon and welcome and thank you to everybody who is participating in this 25th AGM. I'm going to cover three topics today, a brief review of our first quarter, give you a update on Vermilion's overall status and finally I'd like to talk to you about our efforts in sustainability, which are really at the core of our corporate strategy. And I would ask you to refer to the advisories that we have at the end of the presentation and on our website.

So for the Q1 review, I felt both on an operating basis and a financial basis it was a very good quarter for us. We produced over 103,000 barrels a day. That was a 2% increase from the fourth quarter, 2% on a per share basis as well. We had increases in Australia, Canada, United States, Germany and France.

On a year-over-year basis, Q1 was up 47% compared to 2018, and 18% on a per share basis with respect to production due to increases in Australia, Canada and the U.S.

With respect to cash flow or fund flows from operations, FFO, we

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