Unidentified Questioner 4's questions to Vermilion Energy Inc (VET) leadership • Q1 2024
Question
An unidentified questioner asked why Q2 production guidance appears lower despite significant capital spending and growth projects.
Answer
President and CEO Anthony Hatcher explained that the discrepancy is due to the timing of capital deployment. A significant portion of capital is being spent on the Montney battery, which is scheduled to come online late in Q2. The production benefits from this spending will therefore be realized in the second half of the year, while natural declines affect the first half.