March 01, 2015 7:46 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Venari Resources LLC

Company Overview

Venari Resources LLC, an offshore oil exploration and production company, focuses on oil-prone subsalt plays in the deepwater Gulf of Mexico. The company is engaged in drilling wells and discovering various barrels in the deepwater. It also leases its exploration drilling inventory. The company also offers its services outside the United States, including Nigeria and South Africa. Venari Resources LLC was founded in 2012 and is based in Addison, Texas with an additional office in Houston, Texas.

15303 North Dallas Parkway

Suite 1400

Addison, TX 75001

United States

Founded in 2012





Key Executives for Venari Resources LLC

Founder, Chairman, Chief Executive Officer and President
Age: 52
Vice President of Finance and Treasurer
Chief Information Officer and Vice President
Senior Vice President, General Counsel and Corporate Secretary
Executive Vice President of Exploration
Age: 55
Compensation as of Fiscal Year 2014.

Venari Resources LLC Key Developments

Venari Resources LLC Announces Very Large Oil Discovery at Its Anchor Prospect Located in Green Canyon Block 807

Venari Resources LLC announced a very large oil discovery at its Anchor prospect located in Green Canyon Block 807. The Anchor-2 Well, which spud in August 2014 and drilled in 5,183 feet of water to a total depth of 33,749 feet, encountered significant high quality oil pay in multiple Lower Tertiary Wilcox Sands. The discovery is located approximately 140 miles off the Louisiana Coast. Venari holds a 12.5% working interest in Anchor. Other co-owners are Chevron U.S.A. Inc., Cobalt International Energy, L.P. and Samson Offshore Anchor, LLC.

Venari Resources Announces Third Major Oil Discovery at its Guadalupe Prospect in Keathley Canyon Block 10

Venari Resources LLC announced a material oil discovery at its Guadalupe prospect in Keathley Canyon Block 10. The Guadalupe-1 well, which spud in June 2014 and drilled in 3,992 feet of water to a total depth of 30,173 feet, encountered significant oil pay in the Lower Tertiary Wilcox Sands. Venari, which holds a 15% working interest in Guadalupe, and its co-owners, Chevron U.S.A. Inc. as operator (42.5%) and BP Exploration & Production Inc. (42.5%), are evaluating the well results to date and assessing the next steps toward future appraisal activity.

Venari Resources LLC, ConocoPhillips, Chevron Corporation and Anadarko Petroleum Corporation Announce Oil Discovery in the Deepwater Gulf of Mexico

Venari Resources LLC announced a major discovery at its Coronado prospect. The Coronado discovery, which spud on June 1, 2012, encountered more than 400 feet of net oil pay. The Coronado well, which was drilled to a total depth of 31,866 feet in 6,127 feet of water, is approximately six miles from Venari's Shenandoah discovery, which was previously announced on March 19, 2013. Venari holds a 10% working interest in Coronado. Venari and its co-owners, including Chevron Corporation, as operator, ConocoPhillips (35%) and Anadarko Petroleum Corporation (15%) are evaluating the well results to determine the full extent of the recoverable resource.

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Private Placement
June 30, 2014

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