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Vermilion Energy Trust
January 2012 Investor Presentation
| Lorenzo Donadeo | Page 19 of 11 |
November 28, 2014
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"January 2012 Investor Presentation"
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2012 Development Budget CountryKey 2012 Capital Activities2011E ($mm)2012B ($mm) Canada 20 (net) Cardium wells, facilities & equipment, other drilling, land maintenance and non-operations capital (2011 land and facilities) $194 $134 $128 France Active workover/recompletio ns, facilities construction and subsurface maintenance & production equipment 58 45 Netherlands 3 drills (2 development / 1 exploration), tie-in of DeHoeve-1, ongoing lease and facility construction 29 27 Australia 2 -3 well drilling program in late 2012, facility maintenance 20 83 $435 $283 Ireland Onshore pipeline construction & advancement 66 92 Total Capital Program* $501 $37519Additional Cardium focused capital (20 additional well s) contingent on continue d strength in oil prices*Excludes capital for completion of France asset acqui sition ($115mm) and Corrib final payment (US$135mm)