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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 169,000 net undeveloped acres and over 260 drilling locations.
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- 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 9,500 boe/d (80% gas)
- Proved plus Probable reserves over 26 mm boe
- Over 134,000 acres of net undeveloped land
- Over 290 identified drilling locations
- Shares outstanding (basic/FD): 43.5 mm/47.3 mm
- Market cap (May 11, 2010): $275 mm
- Management and insiders (basic/FD): 8% / 14%
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Vero is a public company which trades on the Toronto Stock Exchange under the symbol “VRO”. |
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