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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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December 27, 2007
Verona Announces Agreement With Strand Resources
Vancouver, British Columbia, December 27, 2007 - Verona Development Corp. (TSX.V: VDC) ("Verona" or "the Company") is pleased to announce that is has entered into a Participation Agreement with Strand Resources Ltd. ("Strand"), a privately owned company at arm's length from the Company, to earn 60 percent operating interests (47.25 percent working interests) in two oil and gas exploration projects in Saskatchewan known as the "Gainsborough South" projects. The Company has advanced approx... (4 KB) |
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September 27, 2006
Verona Appoints Exploration Manager
Verona Development Corp. ("Verona") is pleased to announce the appointment of Dr. Peter Turner, PhD, as the company's exploration manager in China. Dr. Turner will play a key role as the company advances its exploration and development of both conventional and unconventional energy sources, including coalbed methane (CBM) in China and other regions.
Dr. Turner is an internationally recognized geoscientist with a broad range of experience in academia, the oil and gas industry, consultancy an... (2 KB) |
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September 20, 2006
Verona Commences Drilling At Shiloubei Block, China
Verona Development Corp. ("Verona") is pleased to announce plans regarding its coalbed methane (CBM) activities in the Shiloubei Block Hedong Basin, West Shanxi Province, China, where the company is working in conjunction with its partner, China United Coal Bed Methane Corporation Ltd (CUCBM).
Following the recent completion of regional exploration studies over its 1,015 square kilometre concession, Verona has begun drilling two wells, the SLB-V01C-2 and SLB-V02C, south of Liulin targeting ma... (2 KB) |
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September 13, 2006
Verona Exploration Update
Verona Development Corp. ("Verona") is pleased to report that it continues to advance its goal to become a leader in the exploration and development of both conventional and unconventional energy sources, and provides the following update:
The Company has received final approvals from the TSX Venture Exchange for the joint venture agreements and property reports on its coalbed methane projects in China.
The first agreement, announced on October 17, 2005, is a production sharing contract ... (2 KB) |
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March 09, 2006
Private Placement
Verona Development Corp. ("the Company") is pleased to announce that it has completed arrangements for the $9,000,000 non-brokered private placement in respect of which a Price Reservation was filed and announced on February 7, 2006. The Company will issue 10,000,000 units at the price of $0.90 per unit to raise $9,000,000. Each unit will be comprised of one common share and one warrant exercisable to purchase one additional share at the price of $1.20 for two years after closing. Finders' f... (1 KB) |
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