Verenex Energy Spuds Orca-1

Verenex Energy and its joint venture participants, Vermilion Energy Trust and Bordeaux Energy Inc., report that the Orca 1 exploration well on the Aquitaine Maritime Permit in the Bay of Biscay, offshore France, commenced drilling on August 26, 2007.

The Orca 1 well is planned to be drilled to a depth of 2,600 meters below mean sea level and is targeting the largest of six structures identified within the Permit on new 3D seismic shot in 2005.

Verenex is a Canada-based, international oil and gas exploration and production company with a world-class exploration portfolio in the Ghadames Basin in Libya and the Bay of Biscay offshore France.

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