Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

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Veren Inc

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Comment by poiseon Jan 27, 2015 9:35pm

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Post# 23370601

RE:RE:RE:Hey POISE---Question

Know the area very well. CPG just drilled a Marly well three months ago initially producing 125 BOPD and currently about 100 BOPD. Well is in section 15-6-7W2m and is a short(600m) horizontal well. The area as of late has come alive again with targets in the Frobisher and Bakken as well. Next weeks crown land sale has approx. 10 quarters up for bids most along the Midale reservoir/trap boundary.
Clearly your pal will get a well very soon. He is currently in a Sweet Spot. All it takes is one great well to open up the area. I hope his royalty terms are 20%.
Poise

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