Profile: Verenex Energy Inc. (VNX.TO)

Verenex Energy Inc. (Verenex) is a Canada-based, international oil and gas exploration and production company with a portfolio in the Ghademas Basin in Libya. As of March 30, 2009, the Company drilled and cased seven new field wildcat (NFW) exploration wells and three appraisal wells. During the year ended December 31, 2008, the Company announced four new oil and gas discoveries. On January 28, 2009, the Company entered into an agreement with Vermilion Resources Limited (Vermilion) and it’s wholly owned France and Denmark subsidiaries to sell the Canadian Bottrel GORR and the Verenex Danish and French subsidiaries.