BRIEF-Vermilion Energy announces acquisition of producing properties in Germany

Tue Jun 28, 2016 5:40pm EDT
 
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June 28 (Reuters) - Vermilion Energy Inc

* Announces acquisition of producing properties in Germany

* Deal for total consideration of EUR 33 million

* Will fund acquisition through existing credit facilities

* Deal expected to be accretive for all pertinent per share metrics including production, fund flows from operations, reserves,net asset value

* Entered into agreement whereby co to buy interests in several production assets in Germany from Engie E&P Deutschland GmbH

* To assume operatorship of 6 of 8 producing fields, with other fields operated by ExxonMobil Production Deutschland, Deutsche Erdoel AG Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)