Vermilion Energy Inc. Announces Strategic Deep Basin Acquisition

CALGARY, AB, Dec. 23, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX:VET.TO) (NYSE:VET) is pleased to announce it has entered into an arrangement agreement (the "Arrangement Agreement") to acquire Westbrick Energy Ltd. ("Westbrick"), a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition"), expected to close in Q1 2025⁽¹⁾.