DIGITALX LIMITED — Capital/Financing Update 2010

Nov 15, 2010

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ASX Announcement

16 November 2010

The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000

Dear Sir,

Bongo Prospect Update Completion & Stimulation Activity Commenced

Verus Investments Ltd (‘Verus’; ASX code: VIL) is pleased to provide the following update on the Company’s investment in the Bongo Prospect in Wharton County, Texas.

Caza Oil & Gas, Inc. (Caza; TSX: CAZ, AIM: CAZA), Verus’ partner and operator of the Bongo prospect, has provided the following update:

The O.B. Ranch #1 well reached a total depth of 16,280 feet on August 10, 2010. High resolution electric log analysis indicated the well encountered in excess of 100 feet of net potential pay in the Eocene, Cook Mountain sand formation between 12,400-12,900 feet that could represent a potentially significant discovery of natural gas and natural gas condensate.

Caza began the completion and stimulation activity on the O.B. Ranch #1 well on November 13, 2010 once a stimulation crew became available. A detailed perforation and fracture stimulation program has commenced on the Cook mountain sand formation, the well was perforated between 12,494 feet and 12,826 feet across selective intervals. Over the next days the final fracture stimulation will have been completed and the well will then be flow tested. Testing may take several weeks in order to establish stabilized production rates.

Caza has estimated proved plus probable and possible gross reserves of approximately 45 Bcf (gas) and 0.15 MMbbl (oil) for the Bongo Cook Mountain anomaly.

In addition, as previously announced, analysis of the log and seismic data indicate the Bongo Well has also penetrated the shallower Yegua anomaly at 10,200 ft which is above the Cook Mountain formation. The company believes Yegua may hold additional high-value potential and is currently being assessed.

“We are eagerly awaiting the results of the recent fracture stimulation of Bongo” said Verus Chairman Mr Andrew McIlwain.

“There were some significant gas kicks and flaring whilst drilling these upper sections and with the high demand on fraccing crews in the US, there has been a considerable delay before we could assess the well’s potential in this the lowermost of the two prospective intervals.”

Verus has a 9.3 per cent working interest (WI) in the Bongo Prospect.

us has a 9.3 per cent working interest (WI) in the Bongo Prospect.	us has a 9.3 per cent working interest (WI) in the Bongo Prospect.	us has a 9.3 per cent working interest (WI) in the Bongo Prospect.
For further information in respect of the Company’s activities, please contact:
Mr. Andrew McIlwain	Mr. Nathan Ryan	Mr. Paul Jurman/ Mr. CraigNelmes
Chairman	NWR Communications Investor Relations	Finance & Administration
Tel:(+61 3)9817 5067	Tel:(+61 0)420 582887	Tel:(+61 8)9240 8645

Office Address: Ground Floor, 30 Ledgar Road, Balcatta, Western Australia 6021 Postal Address: PO Box 717, Balcatta, Western Australia 6914 Phone: +61 (0)8 9240 8645 Fax: +61 (0)8 9240 2406 Email: info@verus.com.au Web: www.verus.com.au