Verenex Energy Inc. has confirmed an oil and gas discovery at C1-47/04 in Area 47 in the Ghadames Basin in Libya. This discovery in the Lower Acacus and Memouniat Formations is the Company's second in Block 4 in the northern part of Area 47 and is the eighth consecutive oil and gas discovery since drilling began in September 2006. The Libyan National Oil Corporation ("NOC") has also announced this discovery. The C1-47/04 new field wildcat ("NFW") exploration well (well No. 13) is located approximately 14 kilometres northwest of the Company's nearest oil and gas discovery at A1-47/04 in Block 4 and was drilled and cased to a depth of 10,155 feet in the Memouniat Formation...more...