Vermilion Energy to Sell Saskatchewan & Manitoba Assets for $415M
Vermilion Energy Inc. (VET) , a Canada-based oil and gas company, has announced the divestment of its Saskatchewan and Manitoba assets. It has inked an agreement for the sale of these assets for a total of $415 million in cash. The company states that the cash proceeds from the deal will be allocated toward debt repayment and the advancement of deleveraging processes, with the aim of strengthening the balance sheet and improving its financial position.Asset Overview: Production, Reserves and LiabilitiesVerm ...