Office Address: Ground Floor, 30 Ledgar Road, Balcatta, Western Australia 6021 Postal Address: PO Box 717, Balcatta, Western Australia 6914 Phone: +61 (0)8 9240 8645 Fax: +61 (0)8 9240 2406 Email: [email protected]: www.verus.com.au ASX Announcement 28th February 2012 Divesture of Bongo & Bowtie Prospect Interests "Further to the announcement dated 22 February 2012, Verus Investments Limited (Verus) confirms it has sold its 9.375% interest in the Bongo Prospect (and facilities), located in Wharton County Texas USA, to Caza Oil & Gas Inc for US$150,000. The Company also confirms that following a detailed geological and geophysical review it has elected to withdraw from the Bowtie West Prospect. This divesture from the Bongo and Bowtie Prospects enable Verus to focus its efforts and funding toward both the Sidi Dhaher and Fausse Point projects, as well as assessing other potential investment opportunities. For further information regarding the Company’s activities, please contact: Mr. Gregory Lee Executive Director Tel: (+61 8) 9389 2000"
italic and bold added.
focus on fausse and sd then followed with as well as assessing other investment opportunities...when will they learn.
The 150k should be put towards a shareholder wake.
VIL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
