Here's what KBC had to say about them.

http://www.kbcpeelhunt.com/pdfs/Oil04Mar05.pdf

Venture is by a margin the cheapest of the North Sea focused E&P
companies in terms of its forward cash flow multiple. With key new
gas field development seeming to be on track, the production base
will get not only an anticipated strong addition from March but will
also derive improved asset diversity. The company has so far
significantly under-delivered in financial terms and improved market
confidence and rising profitability could make this a strong
performer in 2005.
While Venture has generally managed its primary North Sea
production and development business competently, and field
performance, with the exception of Sycamore, has been up to
expectations, the financial performance has been undermined by
events. However, delivery of the key new field developments seems
to be on track and the company should more than double production
capacity to over 45,000 barrels of oil equivalent by the end of 2005
and should achieve on average at least 30,000 boe/d in the year.
The misfortunes continued on Sycamore, with an injector well
apparently not communicating with the intended reservoir section.
This caused the company to reduce 2005 production guidance by
about 1,500 b/d to 31.0-33.0 kboe/d.
The development programme under way continues through 2006
giving a further year or two of growth in the production profile from
within the existing reserve inventory. The company therefore has
time to seek further development opportunities either within its
existing licences or by acquiring or licensing new assets.
The stock is trading close to our Core NAV estimate but is on a lower
prospective multiple of earnings (2005 PE of 7) and cash flow (P:CF
of 2.3) than any other E&P stock. The appointment of a new FD
relieves CEO Mike Wagstaff of his multiple responsibilities, which
should improve confidence in delivery.
With 50% of estimated production in 2005-2008 in the form of natural
gas, Venture offers direct exposure to the UK gas price. Moreover,
the reliability issues that have dogged the company have been in its
oil rather than gas operations.

Hope it gets back to 850p scotinvestor because with gas at 62p a therm it should be trading at least 10 a time.

its going past 7 soon....there may be drag back a bit but some time in year it will be past 8

its going past 7 soon....there may be drag back a bit but some time in year it will be past 8

its going past 7 soon....there may be drag back a bit but some time in year it will be past 8

Gone past 700p what a gusher.

jes, going higher and higher.....soon be 8 quid soon.

its getting bigger than an erection this

800p will do fine (not sure about the erecion business)

MMs playing games here?

20p down today....what with oil strike here too? pure crazy

strike taking affect with refinery now closed for the weekend does not effect Venture though.

Just received e mail from OILEXCO stating they have been advised by BP they are shutting down the main pipeline which will effect their production of 20000+bopd.

Golden Cross approaching.

what does that mean, mitzy?

Hi scot

Its when the 50day moving average is rising and crosses the 200day moving average which is also rising..its all a bit technical but a golden cross is a good sign of a possible explosive share price when it occurs.

Its very bullish.

Goldman Sachs prediction of $200 a barrel has helped all oil today.

if you take into account uk gov tax, people in uk at petrol station r pating $200 already......so if usa gives us $200, then uk will in effect be >$300!!!

anyway anything in oil production is sky high right now......good to see venture recovering from the mm playing games in jan/feb

Looking at the chart its GC time..
1000p anyone..?

Oil could spike to $240 according to GS before the bubble bursts that is.

Still 20% undervalued compared to Dana and Premier.

Rising in tandem with the Dana E Rinnes news today.
Also BG planning to increase gas prices by 30% year will help .

Attention GC approaching.