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Exploration and evaluation assets
 12 Months Ended
Dec. 31, 2019
Exploration and evaluation assets  
Exploration and evaluation assets

7. Exploration and evaluation assets

The following table reconciles the change in Vermilion’s exploration and evaluation assets:

 

 

 

 

 

 

 

    
2019

    
2018

 

 Balance at January 1

 

303,295

 

292,278

 

 Acquisitions

 

 —

 

28,572

 

 Additions

 

36,487

 

14,372

 

 Changes in asset retirement obligations

 

36

 

629

 

 Transfers to capital assets

 

(27,918)

 

(29,615)

 

 Depreciation

 

(18,689)

 

(5,942)

 

 Foreign exchange

 

(7,062)

 

3,001

 

 Balance at December 31

 

286,149

 

303,295

 

 

 

  

 

  

 

 Cost

 

371,632

 

371,015

 

 Accumulated depreciation

 

(85,483)

 

(67,720)

 

 Carrying amount at December 31

 

286,149

 

303,295