Updates

Venture Production - Acquisition of UK gas producer

September 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.

Shares in Venture Production jumped more than 50p the day it announced the Eu 224m (Â£153.2m) acquisition of CH4 Energy, a privately owned, UK-based gas production company. The consideration consisted of Eu 123.5m cash, plus 9.05m Venture shares. CH4â€™s assets are concentrated around the UK/Dutch median line in the Southern North Sea and are dominated by its operated interests in the producing Markham gas field (37.5% interest) and the Chiswick gas field (95% interest), which is under development, with its first well expected on stream in Q1 next year. This is a cracking deal, with Venture estimating CH4â€™s total proven and probable reserves to be 184 billion cubic feet (30.7m barrels oil equivalent), which will incre ...

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Dana Petroleum - Surge in production as Goosander field comes on stream

TMI Trader Portfolio - September

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

Venture Production (November 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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