Description Cobra Venture is posied to strike in the oil patches of Western Canada. The independent company is an emerging exploration and production company focused on the acquisition and development of oil and natural gas reserves in Western Canada. Its core properties are located in Viewfield in Saskatchewan (8 producing light oil wells on the Frobisher and Bakken formations, and 2,000 acres under development); Pembina in Alberta (40% interest in seven sections of land, with 10-12 potential drilling locations); and Inga in British Columbia (640 acres held under lease, expiring in 2011).