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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

Comment by Red_Deeron Dec 11, 2024 3:37pm
52 Views
Post# 36357382

RE:RE:RE:RE:Justine lost leadership …. Premiers are working alone

RE:RE:RE:RE:Justine lost leadership …. Premiers are working alone Hey PACKER__You OBVIOUSLY Have a VERY LOW Opinion About the Alberta PREMIERE

Other HEAVY HITTERS Think OTHERWISE eh !!!

Kevin O’Leary in cooperation with the Municipal District of Greenview to develop
the world’s largest AI Data Centre Industrial Park ‘Wonder Valley’ in the
Greenview Industrial Gateway (“GIG”) near Grande Prairie in North West Alberta, Canada:
The Municipal District of Greenview is proud to announce a groundbreaking
partnership with O’Leary Ventures to build an o-grid natural gas and geothermal power infrastructure
to support the largest AI data centre industrial park in the world. The GIG has signed a Letter of Intent
with O’Leary Ventures for the purchase and development of thousands of acres of land within the
Greenview Industrial Gateway and to the south of the GIG. This transformative project is both a
monumental achievement for Greenview and a pivotal moment for Alberta, Canada, and North America
in terms of global business investment.
 
Wonder Valley, which will be rolled out in multiple phases, marks the creation of an entirely new
industry sector for the region and country. The scope and scale of this development will provide a
massive inux of job opportunities during construction and beyond, bringing long-term employment and
driving economic growth. With the addition of job opportunities and a highly skilled workforce, the
development will also stimulate a signicant rise in tax revenue, bolstering local and regional
Economies.
 
“This is fantastic news for Alberta. Our eorts to attract investment, grow our technology and
innovation sector, and leverage our natural and human resources are being noticed. I’m excited to
watch this project unfold in the months and years to come.” said Alberta Premier, Danielle Smith.
“The GIG project is proof that Alberta is a destination of choice for data centres and their corresponding
power generation infrastructure. This exciting announcement from O’Leary Ventures demonstrates that
the work our government has done over the last nine months to promote Alberta to data centre
operators and investors is paying off. 
 
Alberta is open for business, and we’re just getting started.” states Minister of Technology and Innovation,
 Nate Glubish. “This is more than just an investment in land; it’s an investment in the future of innovation 
and economic expansion for Canada,” said Tyler Olsen, Reeve of the MD of Greenview “We’re excited to
take this step forward, creating lasting benets not only for our Municipality but for the surrounding
communities, and the country as a whole."
 
“My joint venture team led by Paul Palandjian, CEO O’Leary Ventures and Carl Agren, CEO, HPC and AI
Data Centres, has sourced what we believe is the most compelling site in all North America to generate
and oer 7.5 GW of low-cost power to hyperscalers over the next 5-10 years. Given existing permits,
proximity to stranded sources of natural gas, pipeline infrastructure, water and a ber optic network
within just a few kilometers of the Greenview Industrial Gateway, we will be in the ground and up and
running sooner than any scale project of its kind.” said Kevin O'Leary, Chairman of O'Leary Ventures.
“We will engineer and build a redundant power solution that meets the modern AI compute reliability
standards. The rst phase of 1.4 GW will be approximately US$ 2 billion with subsequent annual roll out
of redundant power in 1 GW increments. The total investment over the lifetime of the project will be
over $70 billion when considering the infrastructure, power, data centres and ancillary structures.”
“The GIG’s ideal cold-weather climate, a highly skilled labor force, Alberta’s pro-business policies and
attractive tax regime make the GIG the perfect site for this project. We want to deliver transformative
economic impact and the lowest possible carbon emissions aorded to us by the quality of gas in the
area, our ecient design and the potential to add Geothermal power as well. Together, these factors
create a blueprint for sustainability and success that can be recognized worldwide. This is the Greenview
Model” said Mr. O’Leary.
 
“One of our core values for the project is to engage with First Nations Indigenous communities to create
a mutually benecial relationship and one that honors the people and the lands for many years to
come,” said Paul Palandjian CEO - O’Leary Ventures.
The unique project is expected to attract attention from global investors and industry leaders, setting a
new benchmark for large-scale data infrastructure projects worldwide. Beyond jobs and nancial
benets, this venture promises to establish Alberta and Canada as world leaders and as a center of
excellence in this emerging industry

packerdriver wrote:
westcoastlogger wrote: Danielle Smith is miles ahead of Castreau in the brains department. She and Alberta are going to do very, very well, working with Trump and the MAGA party over the next 3 or 4 terms in the US. I hope she just tells Castreau, Freelunch, and Gilbeault to go plumb to hell and see you in court on everything they are trying to tear down oil and Alberta on. They will be a figment of a very bad 9 year nightmare in a few months anyways so just give them the finger and do your own thing Danielle.

What Smith is probably down there for is to get advice on how you hire government bathroom monitors for schools! LOL


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