Vermillion's debt piles up as quarterly losses mount

FOR the second quarter in a row Canadian oil and gas producer Vermillion Energy has posted a substantial loss, as revenue was hit by lower commodity prices.

Vermillion's debt piles up as quarterly losses mount Vermillion's debt piles up as quarterly losses mount Vermillion's debt piles up as quarterly losses mount Vermillion's debt piles up as quarterly losses mount Vermillion's debt piles up as quarterly losses mount

Vermillion, which operates the Wandoo oilfield in Australia through a subsidiary, had little good news overnight as it reported its half yearly.