Unidentified Shareholder's questions to Vermilion Energy Inc (VET) leadership • Q1 2024
Question
An unidentified shareholder asked for the reason behind the production decline observed from Q4 2023 to Q1 2024.
Answer
President and CEO Anthony Hatcher explained that the decline was due to the timing of capital investment, particularly in the Montney. With the new battery facility not coming online until late Q2, the Q1 figures reflect natural production declines while significant capital was being spent on drilling. The production uplift from this investment is expected in the second half of the year.