Veraz Petroleum Ltd. Announces Withdrawal of Prospectus Offering

Veraz Petroleum Ltd. (TSX VENTURE:VRZ) has decided to withdraw its prospectus offering.

The press release is quoted as saying:

Veraz and its joint venture partner, Petrominerales Ltd. of Colombia, continue working on Block 126. Drilling locations for the 2011 drilling season have been finalized and submitted to Perupetro for review and approval. The seismic programs, completed in December 2009, have added significantly to the understanding of the area and management is very encouraged by the opportunities identified to date.

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