Velvet Energy Ltd. Announces Formation of New Oil and Gas Exploration and Production Company

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Velvet Energy Ltd. Announces Formation of New Oil and Gas Exploration and Production Company

Velvet Energy Ltd. (“Velvet Energy” or the “Company”), a newly formed oil and gas exploration and production company focused on the Western Canadian Sedimentary Basin (“WCSB”), today announced that Warburg Pincus, Trilantic Capital Partners (“Trilantic”), ZAM Ventures, L.P. (“ZAMV”), members of management and select Board members, have agreed to make an investment in the Company.

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