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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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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)

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

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Venture Production - Acquires North Sea gas discovery

December 2005

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