Venari Resources Names David R. Looney as Chief Financial Officer

DALLAS and HOUSTON, Feb. 25, 2016 /PRNewswire/ -- Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico, today announced the appointment of David R. Looney as Chief Financial Officer.

Mr. Looney joins Venari from Common Resources, a private equity-backed exploration venture focused on emerging onshore resource plays, where he held the position of Chief Financial Officer.  Prior to joining Common Resources, Mr. Looney served in several senior financial officer roles with Goodrich Petroleum Corporation, EPL Oil & Gas, Inc. and EOG Resources.  Mr. Looney began his career in the banking industry, specializing in the financing of various E&P and other energy businesses.  His more than 35 year career in finance also includes positions at Chase, Toronto Dominion and Koch Industries.

"I am extremely pleased that David is joining the Venari team," said Brian Reinsborough, President and Chief Executive Officer. "David's banking background, combined with his industry experience in both public and private equity backed companies will prove invaluable as we continue to move Venari's strategy forward."

Mr. Looney holds bachelor of science in applied mathematics and master of science in economics degrees from Texas A&M University.

About Venari ResourcesVenari Resources, a privately held offshore exploration and production 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. Since its formation, preeminent global investment firms led by Warburg Pincus, Kelso & Company, Temasek, and The Jordan Company have committed $2.4 billion of capital to Venari's exploration program and development projects. Venari has built a large inventory of drillable prospects and leases in the Gulf of Mexico including the Shenandoah discovery in the Walker Ridge area, the Guadalupe discovery in Keathley Canyon and the Anchor discovery in Green Canyon. The Company is headquartered in Dallas and has an additional office location in Houston. For more information, visit www.venari.com.

Media Contact: Venari Resources LLC Grant Dreger Vice President, Strategic Planning and Corporate Development 972-850-5318 [email protected]

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SOURCE Venari Resources LLC