Reuters: Private Equity: UPDATE 1-Venari Resources gets $1.13 bln funding

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UPDATE 1-Venari Resources gets $1.13 bln funding May 22nd 2012, 14:14 Tue May 22, 2012 10:14am EDT May 22 (Reuters) - Venari Resources, an early-stage oil and gas exploration company, has secured about $1.13 billion from leading investment firms to fund its growth plans in the Gulf of Mexico. The Houston-based company said it received investments from Warburg Pincus LLC, Kelso & Co, Temasek Holdings Pvt Ltd and Jordan Co. Venari Resources is led by Brian Reinsborough, former president of Nexen Petroleum U.S.A. Inc, a wholly owned unit of Nexen Inc.

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