Updates

Venture Production - Falling gas prices trigger stop-loss

March 2007

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.

North Sea focused oil & gas producer, Venture Productionâ€™s latest trading update showed that average net daily production was 44,706 barrels oil equivalent per day (boepd), an increase of 50% over 2005 and around 2,400 barrels more than analysts expected. The fact that it produced an average 54,000 boepd in the last quarter was particularly impressive given that it had to contend with unusually bad weather. The other main positive was that its net proven and probable reserves have increased by 37% to 221m barrels oil equivalent. Operationally speaking, Venture has made good progress with eight new wells being drilled and two new fields being brought on stream. In spite of this, sentiment has turned against the shares because of ...

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Burren Energy

Chemring - Eps forecasts raised 10% to 101p

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 - 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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