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Vero Energy Inc. is a Calgary based, growth oriented company engaged in the exploration, development and production of oil and liquids in Western Canada. Since its inception in November of 2005, Vero has achieved significant growth in: production and production per share; cash flow and cash flow per share; reserves and reserves per share. Vero is committed to growing mainly through the drill bit, but also explores prudent acquisition opportunities that are a strategic fit.
On January 31st, 2012 Vero closed a deal divesting itself of the majority of its natural gas assets leaving the Company as a well capitalized, pure-play company focused on the Cardium light oil play in Western Canada.
Vero has four to five years of drilling inventory with over 200 locations and over ninety percent of these locations are unbooked in the current reserve valuation of the corporation.
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Vero is a public company which trades on the Toronto Stock Exchange under the symbol “VRO”.
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May 14, 2012
