Verus Investments Limited operates in the Investors sector. Verus Investments Limited is an Australia-based investment company. The principal activities of the Company include the identification, evaluation and execution of investment opportunities for returns over short, medium and long term periods; the review of existing investments, and consideration of the financing alternatives. The Company has two business segments: oil and gas exploration in Unites States of America, and mineral exploration in Brazil. The Company is engaged in investments in onshore oil and gas exploration and evaluation. During fiscal year ended June 30, 2010 (fiscal 2010), Verus acquired a 45% joint venture working interest in the Fausse Point Exploration Project. Fausse Point is located onshore, approximately 140 kilometers of New Orleans. The Bongo Prospect is located onshore in the upper Texas gulf coast in Wharton County, approximately 65 miles south west of Houston. On July 10, 2009, the Company divested its interest in Verus do Brasil Mineracao Ltda. In
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