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Vero Energy Inc
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August 2012 Corporate Update
| Douglas J. Bartole | Page 2 of 11 |
May 21, 2024
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"August 2012 Corporate Update"
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Vero History Vero History ? November 2005 to December 2011 Grew Company from 980 to 9200 boed 80% through drilling ? Grew Company from 980 to 9 , 200 boed , 80% through drilling ? Production increased 844% (260% per share) in 6 years ? Reserves increased 888% (296% per share) in 6 years ? New Vero 2012 and beyond? Strategic disposition of natural gas assets closed Jan 31, 2012 ? Transformed Vero into a pure pla y Cardium li g ht oil producer with:? Initial production in January of 1800 boed (67% oil and liquids) Initial production in January of 1 , 800 boed (67% oil and liquids) ? 174 (111 net) sections of Cardium land? Focused management and technical team remains intact 1