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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Bullboard Posts
Post by Ticker28on Jan 02, 2016 5:33pm
312 Views
Post# 24425142

Ballistic Missile Attack On Saudi's ARAMACO Oil

Ballistic Missile Attack On Saudi's ARAMACO Oil
Saudi Arabia's Oil Depots in Asir Province Destroyed in Yemen's Ballistic Missile Attack
Saudi Arabia's Oil Depots in Asir Province Destroyed in Yemen's Ballistic Missile Attack
 
TEHRAN (FNA)- The Yemeni army and popular forces destroyed Saudi Arabia's strategic oil reservoirs in the Southern province of Asir with a Qaher-I ballistic missile.

Military sources said that the missile hit large crude stockpiles in Abha region of Asir province with high precision and "caused heavy damage".

Smoke spiraling above the reservoirs can be seen from kilometers away, local witnesses said.

It was the 11th Qaher-I ballistic missile fired at the Saudi targets in the past 20 days, meaning that Yemen targeted its enemy with one ballistic missile every other day, they added.

On Thursday, the Yemeni forces also targeted Saudi Arabia's strategic Abha airport in Asir province with a Qaher-I ballistic missile.

Wednesday reports also said that the Yemeni army and popular forces launched a fresh round of attacks on the Saudi forces' positions in the province of Jizan in the Southern part of the kingdom with their upgraded ballistic missiles.

Yemen's Qaher-I ballistic missile precisely hit Saudi Arabia's military bases in Jizan province, inflicting heavy losses on them.

Tens of Saudi troops were killed and dozens more were injured in the missile attack.

Qaher-I is an updated version of a Russian-made surface-to-surface missile.

On Tuesday, the Yemeni army and popular forces targeted Saudi Arabia's Aramco Oil Company in Jizan with Qaher-I ballistic missiles for a second time in less than two weeks.

"The (Qaher-I) missile precisely hit Aramco oil company on Monday night," the Arabic-language media outlets quoted an unnamed Yemeni army official as saying.

He reiterated that the missile attack came in retaliation for the Saudi-led aggressors' violation of the UN-sponsored ceasefire.

Yet, the source did not give further details about the damage incurred on Aramco Company.

On December 21, the Yemeni forces also hit Aramco Oil Company with Qaher-I ballistic missile

The ballistic missiles that have recently come into service in Yemen's army have claimed a heavy toll from the Saudi side of the war. Only in the last one week, around 550 Saudi-led troops have been killed by these ballistic missiles.

Earlier this month, the Yemeni army's ballistic missiles hit Saudi Arabia's National Guards Base in the city of Najran in the Southern part of the kingdom.

The Qaher-I missile strike incurred heavy losses on the Saudi troops in Najran province.

Military sources announced on December 22 that the Yemeni army and the popular forces pounded targets in Al-Khuba region in Saudi Arabia's Southern Jizan province with hundreds of home-made missiles and rockets.

"The Yemeni forces have attacked Al-Khuba region with Over 700 rockets and missiles," the Arabic-language media outlets quoted an unnamed military source as saying.

Last week, the Yemeni army and popular forces targeted a strategic military base in Saudi Arabia's Asir province with another Qaher-I ballistic missile.

The missile precisely hit its target in Al-Faisal military base in Khamis Mushait region of Asir province.

Last Thursday, the Yemeni army and popular forces launched a fresh round of attacks on the Saudi forces' positions in the Southwestern province of Lahij.

Brigadier General Sharaf Qaleb Luqman, the spokesman of the Yemeni armed forces, made the announcement in an interview with Yemen's official news agency, adding that the Yemeni army and popular forces' Tochka missiles hit a gathering of the Saudi forces at al-Anad military base in Lahij province.


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