March 12, 2013 at 08:00 AM EDT
Venari Resources Announces Appointment of Bruce W. Busmire as Chief Financial Officer
-- Industry Veteran Joins Venari Resources from Anadarko Petroleum Corporation --

DALLAS and HOUSTON, March 12, 2013 /PRNewswire/ -- Venari Resources LLC, a deepwater oil exploration company in the Gulf of Mexico, today announced the appointment of Bruce W. Busmire as Executive Vice President and Chief Financial Officer.

Mr. Busmire recently joined Venari from Anadarko Petroleum Corporation (NYSE: APC) where he initially started in 2006 as their Vice President and Chief Accounting Officer. In 2008, he was appointed Vice President of Finance, Treasurer and led the company in some very significant financing activities during the difficult environment of the deepwater drilling moratorium. Mr. Busmire also served as Vice President of Investor Relations for Ocean Energy, which focused on the deep waters of the Gulf of Mexico and West Africa prior to its acquisition by Devon Energy. In the first 20 years of his career, he held various positions of increased responsibility in accounting and senior management at Amoco Corporation. 

Brian Reinsborough, Chief Executive Officer and President of Venari, commented, "Bruce brings over three decades of experience in domestic and international exploration and production to Venari. His financial acumen and proven leadership will be invaluable to our team as we move forward."

Mr. Busmire holds a bachelor of business administration degree in accounting from Lamar University, a master of business administration degree from the Kellogg Graduate School of Management at Northwestern University, and has been a Certified Public Accountant since 1985.

About Venari Resources  
Venari Resources, a privately held offshore exploration company founded in 2012 by deepwater E&P expert Brian Reinsborough, is focused on the prolific oil-prone subsalt region in the Gulf of Mexico's deep waters. In May 2012, pre-eminent global investment firms Warburg Pincus, Kelso & Company, Temasek and The Jordan Company provided an initial $1.125 billion capital commitment so Venari can pursue its aggressive exploration program and development projects in the Gulf of Mexico. Since formation, Venari has built a large inventory of drillable prospects and leases in the Gulf of Mexico, including the Coronado and Shenandoah prospects in the Green Canyon area. The Company is headquartered in Dallas and has an additional office location in Houston. For more information, visit www.venariresources.com.

Media Contact:
Venari Resources LLC
Adam Rubin
972-850-5324
arubin@venari.net

SOURCE Venari Resources LLC

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