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.

TSX:VRN - Post by User

Veren Inc

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Comment by olrigo20on Jul 08, 2010 8:02pm

530 Views

Post# 17255406

RE: Brian Aker says sell sell sell

GOOD OL BRIAN
BRIAN--TAKE A COURSE IN OIL/GAS 101
WHEN U R DRILLING AN EXPLORATION WELL THE INTANGIBLE COSTS
   CAN BE WRITTEN OFF 100 P/C
   DEV. WELLS 30 DIMINISHING BALANCE
THESE COSTS CAN BE WRITTEN OFF AGAINST THE NET INCOME
   OF THE CO.
So Brian- LOOK AT THE CASH POSITION AGAIN!!!!!
   DO SOME DD

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