前瞻性声明

本文件中包含或引用的某些陈述可能构成适用证券法规下的前瞻性陈述或财务展望. 此类前瞻性陈述或信息通常包含“预期”等词的陈述。, “相信”, “期望”, “计划”, “意愿”, “估计”, “建议”, 或类似的词语，暗示未来的结果或关于前景的陈述. 本文件中的前瞻性陈述或信息可能包括, but are not limited to: capital expenditures and Vermilion’s ability to fund such expenditures; Vermilion’s additional debt capacity providing it with additional working capital; the flexibility of Vermilion’s capital program and operations; business strategies and objectives; operational and financial performance; estimated volumes of reserves and resources; petroleum and natural gas sales; future production levels and the timing thereof, 包括朱米尔2020年的指导方针, and rates of average annual production growth; the effect of changes in crude oil 天然气价格, changes in exchange rates and significant declines in production or sales volumes due to unforeseen circumstances; the effect of possible changes in critical accounting 估计; statements regarding the growth and size of Vermilion’s future project inventory, and the wells expected to be drilled in 2020; exploration and development plans and the timing thereof; Vermilion’s ability to reduce its debt, including its ability to redeem senior unsecured notes prior to maturity; statements regarding Vermilion’s hedging program, 它计划增加对冲头寸, and the anticipated impact of Vermilion’s hedging program on project economics and free cash flows; the potential financial impact of climate-related risks; acquisition and disposition plans and the timing thereof; operating and other expenses, including the payment and amount of future dividends; royalty and income tax rates and Vermilion’s expectations regarding future taxes and taxability; and the timing of regulatory proceedings and approvals.

此类前瞻性陈述或信息基于若干假设, 所有或其中任何一个可能被证明是不正确的. 除了本文档中确定的任何其他假设之外, 假设是关于, 其中包括朱米尔恩获得装备的能力, services and supplies in a timely manner to carry out its activities in Canada and internationally; the ability of Vermilion to market crude oil, 液化天然气, and natural gas successfully to current and new customers; the timing and costs of pipeline and storage facility construction and expansion and the ability to secure adequate product transportation; the timely receipt of required regulatory approvals; the ability of Vermilion to obtain financing on acceptable terms; foreign currency exchange rates and interest rates; future crude oil, 液化天然气, 天然气价格; and management’s expectations relating to the timing and results of exploration and development activities.

尽管Vermilion认为这些前瞻性陈述或信息中反映的期望是合理的, 不应过分依赖前瞻性陈述，因为Vermilion不能保证这些预期将被证明是正确的. 提供财务展望是为了了解朱砂的财务状况和业务目标, 这些信息可能不适合用于其他目的. 前瞻性陈述或信息是基于当前的预期, 估计, 以及涉及许多风险和不确定性的预测，这些风险和不确定性可能导致实际结果与Vermilion的预期和前瞻性陈述或信息中描述的结果存在重大差异. 这些风险和不确定性包括, but are not limited to: the ability of management to execute its business plan; the risks of the oil and gas industry, 无论是国内还是国际, 如操作风险在探索中寻找, 开发和生产原油, 液化天然气, and natural gas; risks and uncertainties involving geology of crude oil, 液化天然气, and natural gas deposits; risks inherent in Vermilion’s marketing operations, including credit risk; the uncertainty of reserves 估计 and reserves life and 估计 of resources and associated expenditures; the uncertainty of 估计 and projections relating to production and associated expenditures; potential delays or changes in plans with respect to exploration or development projects; Vermilion’s ability to enter into or renew leases on acceptable terms; fluctuations in crude oil, 液化天然气, 天然气价格, foreign currency exchange rates and interest rates; health, 安全, and environmental risks; uncertainties as to the availability and cost of financing; the ability of Vermilion to add production and reserves through exploration and development activities; the possibility that government policies or laws may change or governmental approvals may be delayed or withheld; uncertainty in amounts and timing of royalty payments; risks associated with existing and potential future law suits and regulatory actions against Vermilion; and other risks and uncertainties described elsewhere in this document or in Vermilion’s other filings with Canadian securities regulatory authorities.

本文档中包含的前瞻性陈述或信息均为截至本文档发布之日的内容，Vermilion不承担公开更新或修改任何前瞻性陈述或信息的义务, 是否是新信息的结果, 未来事件, 或以其他方式, 除非适用的证券法有要求.

本文件中包含的所有原油和天然气储量和资源信息都是根据国家仪器51-101石油和天然气活动披露标准和加拿大石油和天然气评估手册编写和呈现的. 所作的储量估计是假设作出估计的每一项地产都将进行开发, 不考虑这种发展所需的资金是否可能到位. 实际的原油和天然气储量和未来产量将大于或小于本文件提供的估计.

天然气的量是根据6000立方英尺天然气换算成一桶石油当量计算的. 桶油当量(boe)可能具有误导性，特别是在单独使用时. 6000立方英尺/ 1桶石油的boe转化率是基于主要适用于燃烧器尖端的能量等效转换方法，并不代表井口的价值等效.

除非另有说明，本文件中包含的财务数据均以加元报告.