2009-08-19-2007-06-01-2007-06-01

Proved: 7.7 MMBO

Vermilion Oil & Gas Australia Pty Ltd., a subsidiary of Vermilion Energy Trust Calgary, (Toronto: VET-UN) plans to acquire the balance of interest in the Wandoo Field from partner Wandoo Petroleum Pty Ltd., a subsidiary of Mitsui & Co. Ltd., Tokyo, (Tokyo: 8031) for US$125.3 million (C$140 million). Arc Energy Ltd., Perth, Australia, (Australia: ARQ) had planned to acquire the assets as part of a larger deal, and Vermilion is exercising its right of first refusal. Wandoo Petroleum holds 40% interest in the field. Production from the interest includes 3,000 barrels of oil equivalent per day. Proved reserves as of Jan. 1 are 7.7 million barrels of oil and proved and probable reserves are 10.1 million barrels. Pro forma, Vermilion will hold 100% interest in the field, 90% operator.