Secondary Recommendation

Venture Production - Step increase in oil & gas production should see earnings rocket

August 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Given that North Sea oil & gas operator Venture Production is in the middle of a dramatic step increase in its production rates, itï¿½s hardly surprising that the shares have spiked upwards since we first recommended them at 300p in May. But following our recent meeting with chief executive Mike Wagstaff, we believe Venture will prove to be a cracking investment even at these higher levels, particularly now that the oil price has burst through the psychologically important US$60 level. Venture is one of a kind among its North Sea peers in that its strategy is to acquire so called ï¿½strandedï¿½ oil and gas fields which previous owners no longer regard as economic. Wagstaff, a former petroleum engineer with Shell, was inspire ...

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Vantis - Accountancy and professional services firm acquires major rival

Photo-Me - Next year's PE falls to just 11.7

Venture Production - Falling gas prices trigger stop-loss (March 2007)

Venture Production (November 2006)

Venture Production - Acquisition of UK gas producer (September 2006)

Venture Production (August 2006)

Venture Production - Production ahead of guidance (June 2006)

Venture Production - Lowball production target should be thrashed (March 2006)

Venture Production - Oil & gas production hits 50,000 barrels per day (February 2006)

Venture Production - North Sea tax hike (January 2006)

Venture Production - Acquires North Sea gas discovery (December 2005)

Venture Production (November 2005)

Venture Production - Another oil producer seeing huge growth (May 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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