Vermilion Energy Inc. completed the remaining inspection and repair work on Wandoo facility and restarted production in early September without incident. Initial production rates are strong and Australia is forecasted to produce approximately 4,000 bbl/d in Fourth Quarter 2023. The Wandoo asset has been in portfolio since 2004 and has generated a significant amount of free cash flow over this time frame.

Under current strip pricing are forecasting over $100 million of FCF from Australia in 2024.