EX-99.1 2 vet-20231231xex99d1.htm EX-99.1

Exhibit 99.1

Extractive Sector Transparency Measures Act - Annual Report

Graphic

Reporting Entity Name

Vermilion Energy Inc.

Reporting Year

From:

1/1/2023

To

12/31/2023

Date submitted

5/1/2024

Reporting Entity ESTMA Identification Number

E961953

Original Submission Amended

Report

Other Subsidiaries Included

(optional field)

For Consolidated Reports - Subsidiary

Reporting Entities Included in Report:

E373536 Vermilion Resources

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Lars Glemser

Date

5/1/2024

Position Title

Vice President & Chief Financial Officer


Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Vermilion Energy Inc.

Currency of the

Report

CAD

Reporting Entity ESTMA

Identification Number

E961953

Subsidiary Reporting Entities

(if necessary)

E373536 Vermilion Resources

Payments by Payee

Country

Payee Name

Departments, Agency, etc… within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

Netherlands

Government of the Netherlands

123,810,000

710,000

12,870,000

90,680,000

228,070,000

Tax and Customs Administration - $137,390,000 Energie Beheer Nederland BV (EBN) - $90,680,000

Payments made in EUR.

Netherlands

Municipality of Waalwijk

320,000

320,000

Municipality of Waalwijk - $320,000

Payments made in EUR.

Netherlands

Municipality of Achtkarspelen

190,000

190,000

Municipality of Achtkarspelen - $190,000

Payments made in EUR.

Netherlands

Province of Friesland

160,000

160,000

Friesland Province - $160,000

Payments made in EUR.

Ireland

Government of Ireland

141,610,000

2,550,000

144,160,000

Office of the Revenue Commissioners - $141,610,000

Commission for Regulation of Utilities - $2,300,000

Department of Communications, Climate Action and Environment -

$250,000

Payments made in EUR.

Canada

Government of Alberta

42,080,000

750,000

42,830,000

Provincial Treasurer of Alberta - $38,470,000 Alberta Department of Energy - $3,480,000

Alberta Department of Resource Development - $580,000 Alberta MInister of Finance - $250,000

Royalties of $3,480,000 paid in-kind, the value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada

Government of Saskatchewan

7,600,000

25,360,000

4,700,000

3,430,000

41,090,000

Saskatchewan Ministry of the Economy - $32,630,000

Saskatchewan Minister of Finance - $8,430,000

Canada

Government of British Columbia

790,000

7,030,000

400,000

8,220,000

British Columbia Minister of Finance - $7,030,000

British Columbia Surveyor of Taxes - $790,000 British Columbia Energy Regulator - $350,000

Canada

Yellowhead County

3,080,000

3,080,000

Yellowhead County - $3,080,000

Canada

Alberta Energy Regulator

2,420,000

2,420,000

Alberta Energy Regulator - $2,420,000

Canada

Rural Municipality of Antler No. 61

1,210,000

1,210,000

Rural Municipality of Antler No. 61 - $1,210,000

Canada

Rural Municipality of Moose Creek No. 33

1,030,000

1,030,000

Rural Municipality of Moose Creek No. 33 - $1,030,000

Canada

Rural Municipality of Enniskillen No. 3

30,000

920,000

950,000

Rural Municipality of Enniskillen No. 3 - $950,000

Canada

Rural Municipality of Hazelwood No. 94

780,000

780,000

Rural Municipality of Hazelwood No. 94 - $780,000

Canada

Rural Municipality of Souris Valley No. 7

730,000

730,000

Rural Municipality of Souris Valley No. 7 - $730,000

Canada

Rural Municipality of Argyle No. 1

650,000

650,000

Rural Municipality of Argyle No. 1 - $650,000

Canada

Rural Municipality of Lomond No. 37

580,000

580,000

Rural Municipality of Lomond No. 37 - $580,000

Canada

Brazeau County

490,000

490,000

Brazeau County - $490,000


Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Vermilion Energy Inc.

Currency of the

Report

CAD

Reporting Entity ESTMA

Identification Number

E961953

Subsidiary Reporting Entities

(if necessary)

E373536 Vermilion Resources

Payments by Payee

Country

Payee Name

Departments, Agency, etc… within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

Canada

Rural Municipality of Moose Mountain No. 63

460,000

460,000

Rural Municipality of Moose Mountain No. 63 - $460,000

Canada

Rural Municipality of Browning No. 34

410,000

410,000

Rural Municipality of Browning No. 34 - $410,000

Canada

Government of Canada

270,000

100,000

370,000

Receiver General - $370,000

Canada

Rural Municipality of Mount Pleasant No. 2

370,000

370,000

Rural Municipality of Mount Pleasant No. 2 - $370,000

Canada

Rural Municipality of Coalfields No. 4

360,000

360,000

Rural Municipality of Coalfields No. 4 - $360,000

Canada

White Bear First Nations

10,000

310,000

320,000

White Bear First Nations - $320,000

Canada

Clearwater County

320,000

320,000

Clearwater County - $320,000

Canada

Rural Municipality of Brock No. 64

280,000

280,000

Rural Municipality of Brock No. 64 - $280,000

Canada

Red Deer County

270,000

270,000

Red Deer County - $270,000

Canada

Rural Municipality of Storthoaks No. 31

10,000

240,000

250,000

Rural Municipality of Storthoaks No. 31 - $250,000

Canada

Rural Municipality of Wawken No. 93

190,000

190,000

Rural Municipality of Wawken No. 93 - $190,000

Canada

Rural Municipality of Golden West No. 95

180,000

180,000

Rural Municipality of Golden West No. 95 - $180,000

Canada

Rural Municipality of Kindersley No. 290

160,000

160,000

Rural Municipality of Kindersley No. 290 - $160,000

Canada

Rural Municipality of Pipestone

150,000

150,000

Rural Municipality of Pipestone - $150,000

Canada

Rural Municipality of Cymri No. 36

40,000

110,000

150,000

Rural Municipality of Cymri No. 36 - $150,000

Canada

Rural Municipality of Laurier No. 38

120,000

120,000

Rural Municipality of Laurier No. 38 - $120,000

Canada

Sturgeon County

110,000

110,000

Sturgeon County - $110,000

France

Government of France

59,490,000

460,000

59,950,000

Direction des Grandes Entreprises - $59,490,000 Tresor Public - $460,000

Payments made in EUR.

France

Department of Gironde

11,520,000

11,520,000

Direction Régionale des Finances Publiques (DRFIP) de Gironde -

$11,520,000

Payments made in EUR.

France

Department of Seine et Marne

8,880,000

8,880,000

Tresorerie Generale de Seine et Marne - $8,880,000

Payments made in EUR.

France

Department of Landes

8,280,000

8,280,000

Tresorerie Generale des Landes - $8,280,000

Payments made in EUR.

France

Department of Essonne

4,450,000

4,450,000

Recette Divisionnaire des Impots de L'Essonne- $2,450,000

SIP Etampes - $1,590,000

Recette Divisionnaire des Impots de Etampes - $410,000

Payments made in EUR.

France

Municipality of Montargis

2,310,000

2,310,000

Service des Impots de Montargis - $2,310,000

Payments made in EUR.


Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Vermilion Energy Inc.

Currency of the

Report

CAD

Reporting Entity ESTMA

Identification Number

E961953

Subsidiary Reporting Entities

(if necessary)

E373536 Vermilion Resources

Payments by Payee

Country

Payee Name

Departments, Agency, etc… within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

France

Department of Loiret

2,250,000

2,250,000

Direction Regionale Finances Loiret - $2,250,000

Payments made in EUR.

France

Municipality of Melun

1,580,000

1,580,000

Service des Impots Particuliers Melun - $1,580,000

Payments made in EUR.

France

Department of Pyrenees Atlantiques

1,490,000

1,490,000

Direction Départementale des Finances Publiques (DDFIP) de Pyrenees Atlantiques - $1,490,000

Payments made in EUR.

France

Municipality of Pau

1,050,000

1,050,000

Service des Impots Particuliers de Pau - $1,050,000

Payments made in EUR.

United States of America

State of Wyoming

17,700,000

120,000

17,820,000

State of Wyoming - Department of Revenue - $16,200,000

Wyoming State Lands and Investments - $1,540,000 Wyoming Oil and Gas Conservation - $40,000 Wyoming Secretary of State - $30,000

Payments made in USD.

United States of America

Government of the United States of America

4,840,000

4,840,000

Office of Natural Resources Revenue - $4,840,000

Payments made in USD.

United States of America

County of Campbell, Wyoming

1,130,000

80,000

1,210,000

Campbell County Clerk - $1,210,000

Payments made in USD.

United States of America

County of Niobrara, Wyoming

20,000

80,000

100,000

Niobrara County Clerk - $100,000

Payments made in USD.

Australia

Government of Australia

22,220,000

1,700,000

23,920,000

Australian Taxation Office - $22,220,000

National Offshore Petroleum Safety and Environmental Management Authority - $1,700,000

Payments made in AUD.

Germany

State of Lower Saxony

14,360,000

14,360,000

State Authority for Mining, Energy, and Geology - $14,360,000

Payments made in EUR.

Hungary

Government of Hungary

90,000

790,000

80,000

960,000

Hungarian Treasury - $960,000

Payments made in HUF.

Croatia

Government of the Republic of Croatia

630,000

630,000

Croatian Hydrocarbon Agency - $320,000

Payments made in EUR.


Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Vermilion Energy Inc.

Currency of the

Report

CAD

Reporting Entity ESTMA

Identification Number

E961953

Subsidiary Reporting Entities

(if necessary)

E373536 Vermilion Resources

Payments by Payee

Country

Payee Name

Departments, Agency, etc… within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

Slovakia

Government of Slovakia

140,000

140,000

Ministry of the Environment - $140,000

Payments made in EUR.

Additional Notes:

Payments reported in the ESTMA Report reflect gross payments made directly by Vermilion and its subsidiaries, including payments made in the capacity of operator on behalf of partners. Gross payments made by an operator on behalf of Vermilion and its subsidiaries are not included when the operator is a reporting entity under ESTMA or substitutable reporting requirements in another jurisdiction.

When payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using a weighted average of the exchange rates during the period. The weighted average exchange rates used were: 1 EUR = 1.4482 CAD

1 USD = 1.3493 CAD

1 AUD = 0.9196 CAD

1 HUF = 0.0037 CAD


Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Vermilion Energy Inc.

Currency of the

Report

CAD

Reporting Entity ESTMA

Identification Number

E961953

Subsidiary Reporting Entities

(if necessary)

E373536 Vermilion Resources

Payments by Project

Country

Project Name

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid by Project

Notes

Netherlands

Netherlands

123,810,000

710,000

14,010,000

90,680,000

229,210,000

Payments made in EUR.

Ireland

Corrib

141,610,000

2,550,000

144,160,000

Payments made in EUR.

Canada

Alberta

41,990,000

8,050,000

50,040,000

Royalties of $3,480,000 paid in-kind, the value of in-kind payments was determined

using the prevailing commodity prices at the time of transfer.

Canada

Saskatchewan

7,600,000

25,710,000

14,590,000

3,430,000

51,330,000

Canada

British Columbia

790,000

7,170,000

150,000

8,110,000

France

Aquitaine Basin

22,340,000

22,340,000

Payments made in EUR.

France

France

59,490,000

530,000

60,020,000

Payments made in EUR.

France

Paris Basin Chaunoy & Champotran

10,910,000

10,910,000

Payments made in EUR.

France

Paris Basin Vert le Grand

4,730,000

4,730,000

Payments made in EUR.

France

Paris Basin Neocomian

4,560,000

4,560,000

Payments made in EUR.

United States of America

Powder River Basin, Wyoming

23,750,000

230,000

23,980,000

Payments made in USD.

Australia

Wandoo

22,220,000

1,700,000

23,920,000

Payments made in AUD.

Germany

Dümmersee-Uchte

14,360,000

14,360,000

Payments made in EUR.

Hungary

Hungary

90,000

790,000

80,000

960,000

Payments made in HUF.

Croatia

Croatia

630,000

630,000

Payments made in EUR.

Slovakia

Slovakia

140,000

140,000

Payments made in EUR.

Additional Notes:

Payments reported in the ESTMA Report reflect gross payments made directly by Vermilion and its subsidiaries, including payments made in the capacity of operator on behalf of partners. Gross payments made by an operator on behalf of Vermilion and its subsidiaries are not included when the operator is a reporting entity under ESTMA or substitutable reporting requirements in another jurisdiction.

When payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using a weighted average of the exchange rates during the period. The weighted average exchange rates used were: 1 EUR = 1.4482 CAD

1 USD = 1.3493 CAD

1 AUD = 0.9196 CAD

1 HUF = 0.0037 CAD