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Venture Production

November 2006

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.

Following a continuation of surging production levels and record energy prices, the North Sea focused Venture Production has again produced a record set of results. For the six months to 30 June, turnover increased 230% to £185m, leading to a pretax profit of £98m. Operating cashflow was also strong at £155m, which left net debt at £121m, although this excludes its recent acquisition of CH4 for £153m. The twin drivers were an 80% increase in average production to 43,572 barrels oil equivalent per day (boepd) and an 87% rise in average selling prices to £26.33 / boe, of which 67% was gas and the balance oil. With Venture having completed its regular summer shutdown for maintenance, current prod ...

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Chemring - Order book hits another record

IG Group - Shares hit new high

Venture Production - Falling gas prices trigger stop-loss (March 2007)

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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Venture Production

November 2006

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