June 5 (Reuters) - Canada's Vermilion Energy ( VET )

said on Thursday it will sell its United States assets for C$120

million ($87.88 million), completing its exit from the US

market.

The company said it will use the proceeds to repay debt,

strengthen balance sheet and added that it expects to exit 2025

with a net debt of C$1.3 billion.

The transaction, expected to close in the third quarter,

will allow Vermilion Energy ( VET ) to focus on core gas-weighted assets

in Canada and Europe.

The company also raised its current year production forecast

to between 117,000 and 122,000 barrels of oil equivalent per day

(boepd) from 84,000 to 88,000 boepd earlier.

Earlier this year, the company acquired privately held oil

and gas firm Westbrick Energy for C$1.075 billion, strengthening

its position in the Deep Basin of Alberta.

($1 = 1.3655 Canadian dollars)

(Reporting by Tanay Dhumal in Bengaluru; Editing by Mrigank

Dhaniwala)