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Secondary Recommendation

Venture Production - Another oil producer seeing huge growth

May 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:
  • 302p
Oil exploration and production firm, Venture Production, can best be described as a scavenger in the sense that it acquires stranded oil and gas fields that their previous owners no longer regard as economic. While this may sound an unorthodox strategy, it has proved highly effective as since 1999, Venture has seen its production take off from just 200 barrels of oil equivalent per day (boepd) to an expected 45,000 by the end of 2005. Given that this growth is coinciding with a period of high prices, it's hardly surprising that the shares have recently broken through their all-time high. Co-founder and chief executive, Mike Wagstaff, realised that there was a gap in the industry for a company like Venture, which thr ...

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Related Articles

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