03:42 PM EST - Vero Energy Inc. : announced the results of its independent reserves evaluation effective December 31, 2008. The company noted that proved plus probable reserves increased 91 per cent from a combination of drill bit success and strategic acquisitions and proved reserves increased 85 per cent. The estimated net asset value per fully diluted share was $9.40 at December end, an increase of more than 38 per cent year-over-year, based on the pre-tax present value of proved and probable reserves. Vero Energy Inc.
shares T.VRO are trading down $0.03 at $3.95.
