Updates

Venture Production - Acquires North Sea gas discovery

December 2005

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Oil & gas producer Venture Production has acquired the Ensign gas discovery area, through two separate transactions involving Shell, Esso and Centrica, for an initial £9.75m, rising to a potential maximum of £13.25m. Ensign, which is located in the UK southern North Sea spread over two blocks and sits immediately to the West of Venture’s owned "A" fields, was originally discovered in 1986 and is one of the largest undeveloped gas accumulations in the area. Estimated recoverable reserves are 90-200 billion cubic feet, equivalent to 15m-33m barrels of oil. Venture plans to drill a horizontal appraisal well during 2006 to test that Ensign’s gas reservoir flows at commercially acceptable rates and assumi ...

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Burren Energy - Three new wells successful

Trader Portfolio

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 (November 2005)

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