glass half full / half empty, page-12

from june 1 release

"VERUS INVESTS IN ONSHORE TEXAS OIL AND GAS PROSPECT AND
ANNOUNCES $1.1m CAPITAL RAISING
Key Points:
�� New project investment high impact Bongo Prospect, Texas
�� Potential P50 gas reserves of 108 billion cubic feet of gas
�� Drilling planned to commence in June 2010
�� Share placement to raise $1.1m
�� Corporate advisor appointed
Verus Investments Ltd (Verus) is pleased to announce the commitment to invest in the Bongo
Prospect, a high impact exploration/appraisal gas well in Wharton County, Texas.
Funding for this investment will be through an equity placement to clients of Minc Stockbroking,
raising $1.1m (less costs) via the issue of 50 million ordinary shares.
In announcing this investment, Verus Chairman, Mr Andrew McIlwain, said the Company is
extremely pleased to be able to compliment our recent success at the Fausse Point project with
participation in this soon to be drilled, highly prospective well.
As previously announced, Fausse Point will commence production early this month and Bongo
provides us with an opportunity in a highly endowed field.