Verenex Invests $15.7 Million in Libyan Operations During Q1
During the first quarter of 2008, Verenex Energy invested approximately $15.7 million. Libya accounted for essentially all of the investment activity level with approximately $9.5 million in drilling, $1.8 million in testing and completions, $2.7 million in geological and geophysical costs and $1.7 million in capitalized General and Administration ("G&A") and office costs.
- Marathon Struggles to Exit Libya as Unrest Grows (Oct 25)
- Verenex Completes Arrangement with Libyan Investment Authority (Dec 21)
- Verenex Updates on Acquisition Status (Dec 15)