Vero Energy Inc.

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Vero Energy Inc. is a Calgary based, growth oriented company engaged in the exploration, development and production of natural gas, natural gas liquids and oil 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. Vero has a solid land base of over 119,000 net undeveloped acres and over 390 drilling locations.

Technically proven team with a history of value creation
Low cost producer focused on core areas in west central Alberta
Solid balance sheet with a bank line of $140 mm
Current production: over 9,000 boe/d (73% gas)
Proved plus Probable reserves over 32 mm boe
Over 119,000 acres of net undeveloped land
Over 390 identified drilling locations
Shares outstanding (basic/FD): 48.9 mm/53.2 mm
Market cap (March 1, 2011): $310 mm
Management and insiders (basic/FD): 7% / 12%

Vero is a public company which trades on the Toronto Stock Exchange under the symbol “VRO”.

Tuesday January 3, 2012 Conference Call Details to discuss Strategic Transaction
Vero will be hosting a conference call today at 11:00 a.m. Mountain Standard Time (1:00 p.m. Eastern Time) for investors, analysts and the media to discuss the strategic transaction and answer any questions they may have. To participate, please dial 1-888-231-8191 (toll-free in North America) or locally 1-647-427-7450 approximately 15 minutes prior to the conference call.

An archived recording of the call will be available from approximately 2:00 p.m. M.S.T./4:00 p.m. E.T. on January 3, 2012 until midnight on January 10, 2012 by dialing 1-855-859-2056 (toll free in North America) or 1-416-849-0833 and entering conference password 40411101.