Vanrena Resources Ltd.
Rey Consulting Ltd, (Rey) has engaged NRG Divestitures to market its north western Alberta Kakwa assets. The 2.25 sections of land contain two wells. The company has 11.5% interest in a 16-04-064-05W6. This well is currently producing gas from the Cardium Formation. Rey Consulting also has 17.5% interest in the 07-06-064-05W6 Cardium oil well, which is currently shut in, but is capable of about 5 BOPD of oil and 100mcf/d of gas. An adjacent Cardium Crew operated horizontal well is currently producing 1.2MMcf/d of gas after one year of production. Conoco has since also recently drilled two additional horizontal wells in the area. Additionally, a suspended Cardium well at 4-31-063-05W6 was tested in October 2005 and flowed 52.6 bbl of oil and 854 mcf of gas on a 68 hour test.