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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • VPC
  • Price:
  • 409p
Given that North Sea oil & gas operator Venture Production is in the middle of a dramatic step increase in its production rates, it�s 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 �stranded� 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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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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