Venari Resources Announces Appointment of Bruce W. Busmire as Chief Financial Officer

Venari Resources Announces Appointment of Bruce W. Busmire as Chief Financial

-- Industry Veteran Joins Venari Resources from Anadarko Petroleum Corporation

PR Newswire

DALLAS and HOUSTON, March 12, 2013

DALLAS and HOUSTON, March 12, 2013 /PRNewswire/ --Venari Resources LLC, a
deepwater oil exploration company in the Gulf of Mexico, today announced the
appointment of Bruce W. Busmire as Executive Vice President and Chief
Financial Officer.

Mr. Busmire recently joined Venari from Anadarko Petroleum Corporation (NYSE:
APC) where he initially started in 2006 as their Vice President and Chief
Accounting Officer. In 2008, he was appointed Vice President of Finance,
Treasurer and led the company in some very significant financing activities
during the difficult environment of the deepwater drilling moratorium. Mr.
Busmire also served as Vice President of Investor Relations for Ocean Energy,
which focused on the deep waters of the Gulf of Mexico and West Africa prior
to its acquisition by Devon Energy. In the first 20 years of his career, he
held various positions of increased responsibility in accounting and senior
management at Amoco Corporation.

Brian Reinsborough, Chief Executive Officer and President of Venari,
commented, "Bruce brings over three decades of experience in domestic and
international exploration and production to Venari. His financial acumen and
proven leadership will be invaluable to our team as we move forward."

Mr. Busmire holds a bachelor of business administration degree in accounting
from Lamar University, a master of business administration degree from the
Kellogg Graduate School of Management at Northwestern University, and has been
a Certified Public Accountant since 1985.

About Venari Resources
Venari Resources, a privately held offshore exploration company founded in
2012 by deepwater E&P expert Brian Reinsborough, is focused on the prolific
oil-prone subsalt region in the Gulf of Mexico's deep waters. In May 2012,
pre-eminent global investment firms Warburg Pincus, Kelso & Company, Temasek
and The Jordan Company provided an initial $1.125 billion capital commitment
so Venari can pursue its aggressive exploration program and development
projects in the Gulf of Mexico. Since formation, Venari has built a large
inventory of drillable prospects and leases in the Gulf of Mexico, including
the Coronado and Shenandoah prospects in the Green Canyon area. The Company is
headquartered in Dallas and has an additional office location in Houston. For
more information, visit

Media Contact:
Venari Resources LLC
Adam Rubin

SOURCE Venari Resources LLC

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