Petro Verde Energy Inc. (“Petro Verde”) is a private company based in Calgary, Canada focused on the development of crude oil resources. The strategy of Petro Verde is to acquire established oil resources and economically utilize the best available practices and technologies for optimal reserve development with responsible environmental impact.
In line with this strategy, Petro Verde is targeting assets that meet strategic criteria for reserve additions through development programs, including the application of innovative enhanced oil recovery (“EOR”) technologies for both light oil and heavy oil. In order to sharpen the competitive edge of Petro Verde’s experience and capabilities, strategic relationships are being be pursued for proprietary, field-proven, technologies for oil production and EOR.
The geographical focus of Petro Verde is Western Canada with potential ventures in selected areas of the United States, and internationally, where appropriate.
The management team has experience in these jurisdictions and technologies as well as a solid track record in founding previous oil and gas startups.