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September 24, 2008
Verona Provides Additional Gainsborough South Production Update
Vancouver, British Columbia, Sept 24, 2008 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to provide further details on the two Gainsborough South wells currently in production.
For the three-month period ended of Feb 1, 2008 to April 30, 2008 the Company received a total of $430,465.85 in net revenues from the two wells in production with an operating cost of $12.50 per barrel. After almost a year of production from the first of two wells drilled on ... (3 KB) |
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August 18, 2008
Verona Signs Agreement To Purchase Strategic Assets
Vancouver, British Columbia, August 18, 2008 -- Verona Development Corp.
(TSX.V: VDC) ("Verona" or "the Company") is pleased to announce that it has entered into an agreement to purchase significant producing oil and gas assets in its core producing area of Gainsborough, in southeastern Saskatchewan, Canada.
The principal assets are 16 producing oil wells, of which ten are operated and produce to an operated working interest battery facility. Current production from the assets has a... (3 KB) |
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August 12, 2008
Verona Announces Reserve Report On Gainsbourogh
Vancouver, British Columbia, August 12, 2008 -- Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce a NI 51-101 compliant reserve report on Gainsborough has been completed by Gilberta Lausten Jung Petroleum Consultants ("GLJ") an internationally-recognized engineering firm. The GLJ Report gives the property a Total Gross Lease Marketable Reserves of 282 Mbbl Total, Proved plus Probable. The total company interest is 169 Mbbl. This reserve and resource ... (2 KB) |
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July 23, 2008
Verona Signs Marshall Diamond-Goldberg
Vancouver, British Columbia, July 23, 2008 -- Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce that it has signed Mr. Marshall Diamond-Goldberg as its head consulting geologist with a focus on the acquisition, development, and operation of global oil and gas properties.
With 25 years of industry experience, including an outstanding record of success and innovation, Mr. Diamond-Goldberg demonstrates superior analysis and negotiation capabilities.... (3 KB) |
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July 17, 2008
Verona Appoints Dan Pisenti To Board Of Directors
Vancouver, British Columbia, July 17, 2008 -- Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce that it has appointed Mr. Daniel Pisenti to the management team of Verona Development.
Mr. Pisenti will act as a Director for Verona. A graduate with honors, Phi Beta Kappa in 1984 from the University of California at Berkeley Business School with a BS in Business Administration with an emphasis in Finance and Accounting. Mr. Pisenti further developed ... (3 KB) |
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April 28, 2008
Verona Provides Production Update On Gainsborough South
Vancouver, British Columbia, April 28, 2008 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce that the two Gainsborough South wells in production have been tied into the Gainsborough Battery to allow for pumps and daily production to stabilize at 200 barrels of oil per day ("BOE/d"); the associated wells have been optimized by increasing pumping rates and reservoir pressure. Additional benefits of this project are increased oil recovery, stabilize... (4 KB) |
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April 01, 2008
Verona Announces Details on Options Plan
Vancouver, British Columbia, April 1, 2008 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") would like to provide further details to the options grant that had previously been announced in the news release dated December 31, 2007. In accordance with the 2007 stock option plan and subject to the acceptance for filing by the TSX-V, the Company will grant up to an aggregate of 2,500,000 options to purchase common shares of the Company at a price of $0.15 to directors, seni... (3 KB) |
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January 16, 2008
Verona Announces Results From Its Second Well At Gainsborough South
Vancouver, British Columbia, January 16, 2008 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce results from the drilling of its second well on the Gainsborough South property in Saskatchewan, Canada. Under the terms of the agreement Verona has a 47.5 percent working interest in the Gainsborough South property.
The second well located at 2D9-21-3A1-21-2-30 on the Gainsborough property, the well produced 226 BOED with a water cut of 70 percent o... (3 KB) |
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January 09, 2008
Verona Announces Farm-Out of Coal Bed Methane Property to Shell
Vancouver, British Columbia, January 9, 2008 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is please to announce it has entered into an agreement with Shell China Exploration and Production Company Limited, a subsidiary of Royal Dutch Shell ("Shell"), pursuant to which Shell will acquire from Verona a 55 percent interest in the 2005 Production Sharing Contract (the "PSC") between Verona and China United Coalbed Methane Corp. ("CUCBM") for the exploitation of coalbed ... (6 KB) |
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December 31, 2007
Verona Development Announces New Board Appointments
Vancouver, British Columbia, December 31, 2007 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") Verona is pleased to announce that Alexander Korelin and Brian Soregaroli have been appointed to the board of directors.
Al Korelin is a prominent public figure in the junior resource sector in Canada and the US. He has been involved in the financial community since 1978 when he received his MBA in Finance and International Trade from the University of Puget Sound. Sinc... (4 KB) |
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